# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000940400-26-025015
**Filing Date:** 2026-6
**Character Count:** 166457
**Document Hash:** 976ded626963fa0de90a3c0db6a72236
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-025015.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0000940400-26-025015

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260622

**DATE AS OF CHANGE**: 20260622

**PERIOD START**: 20261031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 261107512

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

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

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

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

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

## Series and Classes Contracts Data

### Payden Managed Income Fund (Series ID: S000022678)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000065580 | Payden Managed Income Fund (SI Class)            | PKBIX           |
| C000069457 | Payden Managed Income Fund (Adviser Class)       | PKCBX           |
| C000077412 | Payden Managed Income Fund (Retirement Class)    | PKCRX           |
| C000172680 | Payden Managed Income Fund (Institutional Class) | PKCIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

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

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

- **a. Name of Series:** Payden Managed Income Fund

- **b. EDGAR series identifier (if any):** S000022678

- **c. LEI of Series:** 549300E8I3EQMB6RVA07

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $124569283.73

**Total Liabilities:** $6647465.83

**Net Assets:** $117921817.90

**Delayed Delivery Securities:** $425133.97

**Cash Not Reported:** $2185361.86

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 29.00000000 | **5-Year:** 486.00000000 | **10-Year:** 1381.00000000 | **30-Year:** 7219.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 8744.00000000 | **10-Year:** 12641.00000000 | **30-Year:** 9795.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000065580 | 0.40%                | -1.50%               | 1.32%                |
| Class ID C000069457 | 0.42%                | -1.56%               | 1.27%                |
| Class ID C000077412 | 0.34%                | -1.46%               | 1.25%                |
| Class ID C000172680 | 0.39%                | -1.47%               | 1.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $143605.33               | $212700.95                                 |
| Month 2  | $308659.21               | $-3004810.70                               |
| Month 3  | $37463.12                | $1332593.16                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                                             | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BNP PARIBAS SECURITIES CORP.                                                                     | USD/BRL FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-105815.70   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                     | USD/GBP FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $11728.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OPERATING LLC                                                                    | CWENA 5.75 01/15/34 144A                                                         | CUSIP: 18539UAG0<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300213.60    | 0.25%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                                               | BX 2026-CSMO D                                                                   | CUSIP: 12433LAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $302031.30    | 0.26%             | 2031-02-15      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                                               | BX 2025-VLT7 D                                                                   | CUSIP: 123913AG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $400649.04    | 0.34%             | 2044-07-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2022-DNA1                                                          | STACR 2022-DNA1 B2                                                               | CUSIP: 35564KQZ5<br>LEI: 5493000ISBDRXIMCHZ70 | Long             | ABS-O            | USGSE             | US        |    175000 | PA      | $181866.95    | 0.15%             | 2042-01-27      | Floating      | 10.75%                | No            |                  2 | On Loan: No      |
| SCOR SE                                                                                          | SCOR V6 PERP                                                                     | CUSIP: 000000000<br>LEI: 96950056ULJ4JI7V3752 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $239748.08    | 0.20%             | N/A             | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL                                  | BRAZIL 5.5 04/23/36                                                              | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    425000 | PA      | $498846.14    | 0.42%             | 2036-04-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ECUADOR, REPUBLICA DEL - MINISTERIO DE FINANZAS Y CREDITO PUBLICO                                | ECUA 6.9 07/31/35 REGS                                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    218686 | PA      | $202393.89    | 0.17%             | 2035-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| Grifols International Services Designated Activity Company                                       | GRIFOLS INTERNATIONAL SERVICES DAC                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |    575000 | PA      | $679275.76    | 0.58%             | 2033-04-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                                                       | ROMANI 6 09/24/44 144A                                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     25000 | PA      | $27355.17     | 0.02%             | 2044-09-24      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENERGUATE TRUST 2.0                                                                              | EGUATE 6.35 09/15/35 144A                                                        | CUSIP: 29277RAB1<br>LEI: 2549000ZL9MU01FZK194 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $250912.39    | 0.21%             | 2035-09-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                         | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-150766.00   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                                                              | MUTHIN 5.75 08/04/30 144A                                                        | CUSIP: 62828L2F9<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    850000 | PA      | $843567.46    | 0.72%             | 2030-08-04      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2025-NQM6                                                        | BRAVO 2025-NQM6 M1                                                               | CUSIP: 10570MAF7<br>LEI: 254900U9H6FFPW4O4S55 | Long             | ABS-O            | CORP              | US        |    475000 | PA      | $474407.06    | 0.40%             | 2065-06-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| COTE D'IVOIRE, REPUBLIC OF                                                                       | IVYCST 4.875 01/30/32 REGS                                                       | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    350000 | PA      | $395144.81    | 0.34%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| C&W SENIOR FINANCE LTD                                                                           | CWCFIN 9 01/15/33 144A                                                           | CUSIP: 12665MAA0<br>LEI: 213800CG16G1YMJRCG10 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $256421.42    | 0.22%             | 2033-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| OCP CLO 2019-17 LTD                                                                              | OCP 2019-17A D1R2                                                                | CUSIP: 67113LBC9<br>LEI: 2549003HLFPQ7ATPYA23 | Long             | ABS-CBDO         | CORP              | KY        |    175000 | PA      | $174994.58    | 0.15%             | 2037-07-20      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Sword Purchaser, LLC                                                                             | Sealed Air Term Loan B 400 2033-03-18                                            | CUSIP: 87110SAB8<br>LEI: 254900S0VY2QTAITBR94 | Long             | LON              | CORP              | US        |    725000 | PA      | $705062.50    | 0.60%             | 2033-04-11      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY                                                 | TURKEY 6.875 01/14/38                                                            | CUSIP: 900123DU1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    250000 | PA      | $239679.45    | 0.20%             | 2038-01-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                                                   | OPALBD 5.5 03/31/32 REGS                                                         | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    150000 | PA      | $178651.59    | 0.15%             | 2032-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST                                                                    | STACR 2026-DNA2 M2                                                               | CUSIP: 35564UDR5<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    200000 | PA      | $200970.80    | 0.17%             | 2046-03-26      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                                                             | FLTR 5.875 06/04/31 144A                                                         | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    275000 | PA      | $274186.00    | 0.23%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                                                      | Three-Month SOFR Futures, Mar-2027,ETH                                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       157 | NC      | $-16196.12    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Clean Energy Future- Trumbull, LLC                                                               | CLEAN ENERGY FUTURE-TRUMBULL LLC                                                 | CUSIP: 000000000<br>LEI: 549300LWTKDEVJBZOA84 | Long             | LON              | CORP              | US        |    500000 | PA      | $501875.00    | 0.43%             | 2033-04-21      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| PIRAEUS BANK SA (NEW)                                                                            | TPEIR V6.75 PERP                                                                 | CUSIP: 000000000<br>LEI: 213800OYHR1MPQ5VJL60 | Long             | DBT              | CORP              | GR        |    300000 | PA      | $364400.89    | 0.31%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARTEMIS GOLD INC                                                                                 | ARTGCN 5.625 02/15/31 144A                                                       | CUSIP: 04302LAB6<br>LEI: 529900GXBX7DGL5YMO49 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $111463.91    | 0.09%             | 2031-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| KIER GROUP PLC                                                                                   | KIELN 9 02/15/29                                                                 | CUSIP: 000000000<br>LEI: 2138002RKCU2OM4Y7O48 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $497332.26    | 0.42%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| COMPANIA DE MINAS BUENAVENTURA SA                                                                | BUENAV 6.8 02/04/32 144A                                                         | CUSIP: 204448AB0<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | PE        |    575000 | PA      | $590916.00    | 0.50%             | 2032-02-04      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| PAYDEN & RYGEL INVESTMENT GROUP (THE)                                                            | Payden Emerging Markets Local Bond Fund                                          | CUSIP: 70432T867<br>LEI: 549300QJNYRKYZS3P282 | Long             | EC               | RF                | US        |    574079 | NS      | $5534121.10   | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| COMM 2025-167G MORTGAGE TRUST                                                                    | COMM 2025-167G E                                                                 | CUSIP: 12674VAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $248995.58    | 0.21%             | 2040-08-10      | Variable      | 8.47%                 | No            |                  2 | On Loan: No      |
| AECOM                                                                                            | ACM 6 08/01/33 144A                                                              | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252230.75    | 0.21%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                                                             | FLTR 6.125 06/04/31 REGs                                                         | CUSIP: 000000000<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    325000 | PA      | $436070.56    | 0.37%             | 2031-06-04      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                                     | UVN 8.875 04/15/33 144A                                                          | CUSIP: 914906BB7<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150929.32    | 0.13%             | 2033-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                       | NOK/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $45853.38     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MIC Glen LLC                                                                                     | MIC GLEN LLC                                                                     | CUSIP: 55304PAH4<br>LEI: 549300XD843A2SP50882 | Long             | LON              | CORP              | US        |    378350 | PA      | $381136.87    | 0.32%             | 2028-07-21      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| VIKING BAKED GOODS ACQUISITION CORP                                                              | RISBAK 8.625 11/01/31 144A                                                       | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |    360000 | PA      | $368465.72    | 0.31%             | 2031-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| INTOWN 2025-STAY MORTGAGE TRUST                                                                  | TOWN 2025-STAY D                                                                 | CUSIP: 46117WAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $350189.77    | 0.30%             | 2042-03-17      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| SWCH COMMERCIAL MORTGAGE TRUST 2025-DATA                                                         | SWCH 2025-DATA E                                                                 | CUSIP: 78489CAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    575000 | PA      | $569836.96    | 0.48%             | 2042-02-18      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| CALUMET SPECIALTY PRODUCTS PARTNERS LP/CALUMET FINANCE CORP                                      | CLMT 9.75 02/15/31 144A                                                          | CUSIP: 131477BA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $530193.50    | 0.45%             | 2031-02-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY                                                 | TURKEY 6.375 05/22/31                                                            | CUSIP: 900123DV9<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    275000 | PA      | $273257.38    | 0.23%             | 2031-05-22      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| United Natural Foods Inc                                                                         | United Natural Foods Term Loan B 475 2031-04-15                                  | CUSIP: 91116KAD7<br>LEI: 549300GKGW6WPZ282D40 | Long             | LON              | CORP              | US        |    334459 | PA      | $336883.58    | 0.29%             | 2031-04-25      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| HENLEY CLO XII DAC                                                                               | HNLY 12X D                                                                       | CUSIP: 000000000<br>LEI: 635400SQELBB2FR6QN30 | Long             | ABS-O            | CORP              | IE        |    100000 | PA      | $117361.60    | 0.10%             | 2038-01-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                                                       | ROMANI 5.875 07/11/32 144A                                                       | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    200000 | PA      | $240914.74    | 0.20%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BCPE FLAVOR DEBT MERGER SUB LLC                                                                  | SIZPLT 9.5 07/01/32 144A                                                         | CUSIP: 072933AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $305523.65    | 0.26%             | 2032-07-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| HSBC SECURITIES (USA) INC.                                                                       | AUD/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $38343.14     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| EP Wealth Advisors LLC                                                                           | EP Wealth Advisors Term Loan B 300 2032-09-22                                    | CUSIP: 29416NAB2<br>LEI: 254900EMIFA00FZWU856 | Long             | LON              | CORP              | US        |    700000 | PA      | $701750.00    | 0.60%             | 2032-10-18      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                                                                   | CVI 7.875 02/15/34 144A                                                          | CUSIP: 12662PAJ7<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125458.25    | 0.11%             | 2034-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CIFC FUNDING 2018-IV LTD                                                                         | CIFC 2018-4A D1R                                                                 | CUSIP: 17181TAQ4<br>LEI: 254900PA63PFHC11GD90 | Long             | ABS-CBDO         | CORP              | KY        |    975000 | PA      | $965789.18    | 0.82%             | 2038-01-19      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| TORY COMMERCIAL MORTGAGE TRUST 2026-HGTS                                                         | TORY 2026-HGTS D                                                                 | CUSIP: 89148WAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475000 | PA      | $465840.58    | 0.40%             | 2046-01-16      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP                                                                                | EMRLD BORROWER LP                                                                | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |    718695 | PA      | $720510.07    | 0.61%             | 2031-08-04      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHOSPHATES SA                                                               | OCPMR V6.7405 PERP 144a                                                          | CUSIP: 67091TAK1<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    225000 | PA      | $224238.21    | 0.19%             | N/A             | Fixed         | 6.74%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC                                                        | HASI V8 06/01/56                                                                 | CUSIP: 41068XAG5<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |    300000 | PA      | $318555.00    | 0.27%             | 2056-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC                                                                                     | PETM 7.5 09/15/32                                                                | CUSIP: 71677KAC2<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |    275000 | PA      | $278672.24    | 0.24%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE LLC                                                                      | CRGYFN 7.875 04/15/32 144A                                                       | CUSIP: 516806AK2<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    450000 | PA      | $466771.50    | 0.40%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ALBANIA, REPUBLIC OF - MINISTRY OF FINANCE (MINISTRIA E FINANCAVE)                               | ALBANI 4.75 02/14/35 144A                                                        | CUSIP: 000000000<br>LEI: 254900EDM43U3SGRND29 | Long             | DBT              | NUSS              | AL        |    375000 | PA      | $437751.28    | 0.37%             | 2035-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                                     | RON/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |         1 | NC      | $30592.58     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL                                  | BNTNF 10 01/01/31 NTNF                                                           | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   8000000 | PA      | $1421656.48   | 1.21%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Bulldog Purchaser Inc                                                                            | BULLDOG PURCHASER INC                                                            | CUSIP: 12021GAH7<br>LEI: 254900JB2GC3Q5OISZ63 | Long             | LON              | CORP              | US        |    350000 | PA      | $351443.75    | 0.30%             | 2033-02-04      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| BKV UPSTREAM MIDSTREAM LLC                                                                       | BKVCOR 7.5 10/15/30 144A                                                         | CUSIP: 05619CAA3<br>LEI: 254900LG75NBYHBBAU18 | Long             | DBT              | CORP              | US        |    700000 | PA      | $719254.90    | 0.61%             | 2030-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TXNM ENERGY INC                                                                                  | TXNM V7 07/31/56 144A                                                            | CUSIP: 69349HAJ6<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | DBT              | CORP              | US        |    400000 | PA      | $398935.12    | 0.34%             | 2056-07-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Hillenbrand Inc                                                                                  | Hillenbrand Term Loan B 350 2033-01-07                                           | CUSIP: 54913EAB8<br>LEI: 254900H70V4IL22BHL88 | Long             | LON              | CORP              | US        |    392351 | PA      | $393039.69    | 0.33%             | 2033-02-10      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| EDGED COMPUTE LLC                                                                                | EDGCOM 7.5 04/30/31 144A                                                         | CUSIP: 28002AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    575000 | PA      | $564100.45    | 0.48%             | 2031-04-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO                                 | MEX 4.875 05/16/36                                                               | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    100000 | PA      | $116163.45    | 0.10%             | 2036-05-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HIH TRUST 2024-61P                                                                               | HIH 2024-61P D                                                                   | CUSIP: 40444VAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    228845 | PA      | $229802.37    | 0.19%             | 2041-10-15      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| CPTS 2019-CPT MORTGAGE TRUST                                                                     | CPTS 2019-CPT D                                                                  | CUSIP: 12654YAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    425000 | PA      | $370756.53    | 0.31%             | 2039-11-16      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2023-R05                                                     | CAS 2023-R05 1B2                                                                 | CUSIP: 207942AD5<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    550000 | PA      | $606752.58    | 0.51%             | 2043-06-25      | Floating      | 10.50%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                     | USD/CAD FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1503.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA7                                                          | STACR 2021-DNA7 B2                                                               | CUSIP: 35564KNE5<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-O            | USGSE             | US        |    650000 | PA      | $672294.48    | 0.57%             | 2041-11-25      | Floating      | 11.45%                | No            |                  2 | On Loan: No      |
| LIFE 2022-BMR2 MORTGAGE TRUST                                                                    | LIFE 2022-BMR2 C                                                                 | CUSIP: 53218DAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $132087.20    | 0.11%             | 2038-05-17      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics, Inc.                                                                          | Qnity Electronics Term Loan B 200 2032-08-03                                     | CUSIP: 74737SAB9<br>LEI: 254900RSUG4J9TFFZX53 | Long             | LON              | CORP              | US        |    349125 | PA      | $350943.94    | 0.30%             | 2032-11-01      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                                                       | ROMANI 4.625 03/04/33 144A                                                       | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    350000 | PA      | $389493.83    | 0.33%             | 2033-03-04      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PetsMart LLC                                                                                     | PetSmart Term Loan B 400 2032-08-02                                              | CUSIP: 71677HAN5<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |    425000 | PA      | $427258.88    | 0.36%             | 2032-08-18      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| Fr Br Holdings, L.L.C.                                                                           | FR BR Holdings (Blue Racer) Term Loan B 425 2030-09-23                           | CUSIP: 30260XAD1<br>LEI: 549300FJFG2CK1VX3Y85 | Long             | LON              | CORP              | US        |    364246 | PA      | $365612.12    | 0.31%             | 2030-10-09      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-HQA1                                                          | STACR 2021-HQA1 B2                                                               | CUSIP: 35564KCP2<br>LEI: 5493000ISMYB8CLVZD05 | Long             | ABS-O            | USGSE             | US        |    275000 | PA      | $323185.42    | 0.27%             | 2033-08-25      | Floating      | 8.65%                 | No            |                  2 | On Loan: No      |
| Omnia Partners, LLC                                                                              | OMNIA Partners Term Loan B 275 2030-07-01                                        | CUSIP: 68218HAE7<br>LEI: 254900ZD1P5CVG9GOS22 | Long             | LON              | CORP              | US        |    738514 | PA      | $743591.09    | 0.63%             | 2032-12-31      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| PLYM COMMERCIAL MORTGAGE TRUST 2026-IND                                                          | PLYM 2026-IND D                                                                  | CUSIP: 69292BAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    425000 | PA      | $423874.39    | 0.36%             | 2043-03-16      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC                                                                          | EA 6.25 07/01/33 144a                                                            | CUSIP: 67124CAC7<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |    100000 | PA      | $120928.27    | 0.10%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                       | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $3032.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOPARAN FINANCE PLC                                                                              | BOPRLN 9.375 11/07/29 REGS                                                       | CUSIP: 000000000<br>LEI: 213800GQSQIOBR3DHN70 | Long             | DBT              | CORP              | GB        |     90000 | PA      | $129487.65    | 0.11%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BUILDING SOCIETY                                                                      | NWIDE V7.5 PERP                                                                  | CUSIP: 000000000<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $277341.40    | 0.24%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                                                   | BBDBCN 7 06/01/32 144A                                                           | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $182891.45    | 0.16%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                                               | ALLY V7.1 PERP D                                                                 | CUSIP: 02005NCB4<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    725000 | PA      | $724697.53    | 0.61%             | N/A             | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| LMDV ISSUER COMPANY LLC                                                                          | LMDV 2025-1A B                                                                   | CUSIP: 538908AC8<br>LEI: 254900A6HRP8XHJJGM20 | Long             | ABS-O            | CORP              | US        |    325000 | PA      | $325500.76    | 0.28%             | 2055-12-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2022-DNA2                                                          | STACR 2022-DNA2 B2                                                               | CUSIP: 35564KSQ3<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-O            | USGSE             | US        |    525000 | PA      | $553621.01    | 0.47%             | 2042-02-25      | Floating      | 12.15%                | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                            | Quikrete Term Loan B-3 (Incremental) 225 2032-01-23                              | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    496241 | PA      | $497218.20    | 0.42%             | 2032-02-10      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                                            | WFC V6.125 PERP GG                                                               | CUSIP: 95002YAE3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    600000 | PA      | $602271.60    | 0.51%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                                         | CE 7.375 02/15/34                                                                | CUSIP: 15089QBD5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    300000 | PA      | $314314.20    | 0.27%             | 2034-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GRUPPO SAN DONATO SPA                                                                            | GRSADO 6.5 10/31/31 144A                                                         | CUSIP: 000000000<br>LEI: 8156003649DB0704FC22 | Long             | DBT              | CORP              | IT        |    275000 | PA      | $323095.87    | 0.27%             | 2031-10-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                                     | RON/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-3147.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO E INVERSIONES SA                                                                | BCICI V8.75 PERP REGS                                                            | CUSIP: 05890PAC0<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    250000 | PA      | $268645.00    | 0.23%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CEDR COMMERCIAL MORTGAGE TRUST 2022-SNAI                                                         | CEDR 2022-SNAI D                                                                 | CUSIP: 12524AAL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $171159.07    | 0.15%             | 2039-02-15      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| GDZ ELEKTRIK DAGITIM AS                                                                          | GDZELE 9 10/15/29 REGS                                                           | CUSIP: 000000000<br>LEI: 984500B63B5766038A64 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $388876.04    | 0.33%             | 2029-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| AOA TRUST 2025-1301                                                                              | AOA 2025-1301 D                                                                  | CUSIP: 682461AJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251147.20    | 0.21%             | 2042-08-13      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC 2024-1                                                                     | SWTCH 2024-2A B                                                                  | CUSIP: 871044AG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $294870.03    | 0.25%             | 2054-06-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL                                  | BRAZIL 4.875 04/23/33                                                            | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $232676.11    | 0.20%             | 2033-04-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PENTA CLO 18 DAC                                                                                 | PENTA 2024-18X D                                                                 | CUSIP: 000000000<br>LEI: 635400FHVXQB2JC6GF48 | Long             | ABS-O            | CORP              | IE        |    700000 | PA      | $802807.48    | 0.68%             | 2038-01-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| GHANA, REPUBLIC OF                                                                               | GHANA 5 07/03/35 REGS                                                            | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    160000 | PA      | $147243.89    | 0.12%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SRI LANKA, GOVERNMENT OF                                                                         | SRILAN 3.6 02/15/38 REGS                                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    320000 | PA      | $302162.27    | 0.26%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| MEDCO CYPRESS TREE PTE LTD                                                                       | MEDCIJ 8.625 05/19/30 144A                                                       | CUSIP: 58406VAA7<br>LEI: 254900NKZ2Y3YZK4WC46 | Long             | DBT              | CORP              | SG        |    250000 | PA      | $261748.57    | 0.22%             | 2030-05-19      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                       | AUD/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-35925.54    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BX TRUST 2023-LIFE                                                                               | BX 2023-LIFE B                                                                   | CUSIP: 05609DAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    460000 | PA      | $450288.16    | 0.38%             | 2028-02-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education Inc                                                                        | McGraw-Hill Global Education Holdings Term Loan B 275 2031-08-01                 | CUSIP: 58063DAG8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | LON              | CORP              | US        |    607232 | PA      | $607866.13    | 0.52%             | 2031-08-06      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                                         | ACI 5.625 03/31/32 144A                                                          | CUSIP: 01309QAE8<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246740.30    | 0.21%             | 2032-03-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2018-C46                                                   | WFCM 2018-C46 XA                                                                 | CUSIP: 95001QAV3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7407297 | PA      | $99366.67     | 0.08%             | 2051-08-17      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | CAS 2022-R01 1B2                                                                 | CUSIP: 20754LAJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    825000 | PA      | $848370.27    | 0.72%             | 2041-12-26      | Floating      | 9.65%                 | No            |                  2 | On Loan: No      |
| SLG OFFICE TRUST COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES 2021-OVA                          | SLG 2026-OMA E                                                                   | CUSIP: 78451FAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $352807.77    | 0.30%             | 2041-04-17      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| 1211 AVENUE OF THE AMERICAS TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2015-1211 | AOTA 2015-1211 E                                                                 | CUSIP: 90117PAQ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $142185.00    | 0.12%             | 2035-08-10      | Variable      | 4.28%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP                                                     | CHTR 7.375 02/01/36 144A                                                         | CUSIP: 1248EPCV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $417043.62    | 0.35%             | 2036-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| FORESEA HOLDING SA                                                                               | FORSEA 7.5 06/15/30 144A                                                         | CUSIP: 262051AA3<br>LEI: 254900BAD50AKYGIMV79 | Long             | DBT              | CORP              | LU        |    450000 | PA      | $446394.56    | 0.38%             | 2030-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| DOVALUE SPA                                                                                      | DOBIM 5.375 11/15/31 144A                                                        | CUSIP: 000000000<br>LEI: 8156007AF7DB5FE05555 | Long             | DBT              | CORP              | IT        |    250000 | PA      | $298214.78    | 0.25%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                                                  | CDS CDX.NA.HY.46.V1                                                              | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $300682.46    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                       | USD/GBP FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-59085.18    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC                                                                    | JHXAU 6.125 07/31/32 144A                                                        | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105303.35    | 0.09%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| LIFE 2022-BMR2 MORTGAGE TRUST                                                                    | LIFE 2022-BMR2 B                                                                 | CUSIP: 53218DAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $183706.70    | 0.16%             | 2039-05-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| BSPDF 2026-FL3 ISSUER LLC                                                                        | BSPDF 2026-FL3 D                                                                 | CUSIP: 05594VAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400000 | PA      | $399589.32    | 0.34%             | 2043-09-18      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyality IP Ltd (American Airlines Inc)                                               | American Airlines Term Loan B (Incremental) 325 2032-05-04                       | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    708483 | PA      | $706637.30    | 0.60%             | 2032-05-28      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Evergreen AcqCo 1 LP                                                                             | EVERGREEN ACQCO 1 LP                                                             | CUSIP: 30015FAJ5<br>LEI: 549300F6POVHG3ME8T95 | Long             | LON              | CORP              | US        |    381092 | PA      | $382164.60    | 0.32%             | 2032-09-17      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                                                                  | SYNH 9 10/01/30 144A                                                             | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    275000 | PA      | $288421.10    | 0.24%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| GHANA, REPUBLIC OF                                                                               | GHANA 5 07/03/35 144A                                                            | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    375000 | PA      | $345102.88    | 0.29%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL LTD                                                                     | PHOAVI 9.25 07/15/30 144A                                                        | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    600000 | PA      | $612838.80    | 0.52%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CATURUS ENERGY LLC                                                                               | KTGLLC 7.125 05/15/31 144A                                                       | CUSIP: 149482AA9<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    400000 | PA      | $401603.15    | 0.34%             | 2031-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-VLT6                                                                               | BX 2025-VLT6 D                                                                   | CUSIP: 12433KAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $298452.93    | 0.25%             | 2042-03-17      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                         | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $30585.52     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Lightning Power, LLC                                                                             | Lightning Power Term Loan B 325 2031-07-28                                       | CUSIP: 53229LAB3<br>LEI: 254900BWCHJ03XRL8K59 | Long             | LON              | CORP              | US        |    270875 | PA      | $272298.45    | 0.23%             | 2031-08-18      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| ENERGUATE TRUST 2.0                                                                              | EGUATE 6.35 09/15/35 REGS                                                        | CUSIP: 000000000<br>LEI: 2549000ZL9MU01FZK194 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $301094.87    | 0.26%             | 2035-09-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                                         | ACI 5.75 03/31/34 144A                                                           | CUSIP: 01309QAD0<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243691.88    | 0.21%             | 2034-03-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ADT SECURITY CORP (THE)                                                                          | ADT 5.875 10/15/33 144A                                                          | CUSIP: 00109LAB9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197223.46    | 0.17%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                                                    | SAGB 8.5 01/31/37 2037                                                           | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |  20164000 | PA      | $1165485.75   | 0.99%             | 2037-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC                                                                         | AZURGY 8.125 01/23/30 REGS                                                       | CUSIP: 000000000<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |    525000 | PA      | $541980.08    | 0.46%             | 2030-01-23      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CENTRAL AMERICAN BOTTLING CORP                                                                   | CAMEBO 5.25 04/27/29 REGS                                                        | CUSIP: 000000000<br>LEI: 549300DT8SH0CF6BTT37 | Long             | DBT              | CORP              | VG        |   1045000 | PA      | $1033720.06   | 0.88%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2021-R01                                                     | CAS 2021-R01 1B2                                                                 | CUSIP: 20754RAJ5<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    800000 | PA      | $816703.04    | 0.69%             | 2041-10-25      | Floating      | 9.65%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-7                                                                | VERUS 2024-7 B2                                                                  | CUSIP: 924925AH3<br>LEI: 213800HQOHEFNJCQYJ07 | Long             | ABS-O            | CORP              | US        |    725000 | PA      | $731866.77    | 0.62%             | 2069-09-25      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-BCAT                                                           | BOCA 2025-BOCA B                                                                 | CUSIP: 05619RAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    725000 | PA      | $729034.34    | 0.62%             | 2042-12-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                       | USD/JPY FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $13293.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2025-R03                                                     | CAS 2025-R02 1M2                                                                 | CUSIP: 20754TAD4<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    450000 | PA      | $451792.98    | 0.38%             | 2045-02-27      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| CROSS 2024-H8 MORTGAGED TRUST                                                                    | CROSS 2024-H8 M1                                                                 | CUSIP: 22757GAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    575000 | PA      | $576709.59    | 0.49%             | 2069-12-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| Dangote Fertiliser Ltd.                                                                          | DANGFE 7.75 05/05/31 144A                                                        | CUSIP: 236158AA9<br>LEI: 029200238F8L0Z95I549 | Long             | DBT              | CORP              | NG        |    275000 | PA      | $280156.25    | 0.24%             | 2031-05-05      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NIGERIA, FEDERAL REPUBLIC OF - DEBT MANAGEMENT OFFICE (THE)                                      | NGERIA 10.375 12/09/34 REGS                                                      | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    200000 | PA      | $239798.16    | 0.20%             | 2034-12-09      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| EGYPT, ARAB REPUBLIC OF - MINISTRY OF FINANCE                                                    | EGYPT 5.625 04/16/30 REGS                                                        | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    300000 | PA      | $342077.34    | 0.29%             | 2030-04-16      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| KEHE DISTRIBUTORS LLC                                                                            | KEHEFO 7.125 04/30/33 144A                                                       | CUSIP: 487930AA7<br>LEI: 549300WQCH7SRQ8JKE47 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101285.24    | 0.09%             | 2033-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2016-FL1 LTD                                           | ARCREN 2025-FL1 D                                                                | CUSIP: 03881KAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $626140.56    | 0.53%             | 2043-01-21      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| KKR STATIC CLO I LTD                                                                             | KSTAT 2022-1A AR2                                                                | CUSIP: 48255QAU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    101382 | PA      | $101343.53    | 0.09%             | 2031-07-21      | Variable      | 4.66%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                                    | F 5.869 10/31/35                                                                 | CUSIP: 345397H89<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    325000 | PA      | $316871.78    | 0.27%             | 2035-10-31      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| METRONET INFRASTRUCTURE ISSUER LLC                                                               | MNET 2026-1A C                                                                   | CUSIP: 59170JBL1<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $352765.49    | 0.30%             | 2056-04-20      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                       | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $4777.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KRE COMMERCIAL MORTGAGE TRUST 2026-ICNA                                                          | KRE 2026-ICNA C                                                                  | CUSIP: 48275LAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $301652.10    | 0.26%             | 2043-05-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                                                       | GSYCN 6.875 02/15/31 144A                                                        | CUSIP: 380355AR8<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $166293.58    | 0.14%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA6                                                          | STACR 2021-DNA6 B2                                                               | CUSIP: 35564KLV9<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-O            | USGSE             | US        |    725000 | PA      | $745382.65    | 0.63%             | 2041-10-25      | Floating      | 11.15%                | No            |                  2 | On Loan: No      |
| TRTX 2025-FL7 ISSUER LTD                                                                         | TRTX 2025-FL7 D                                                                  | CUSIP: 87277LAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250873.25    | 0.21%             | 2043-06-18      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| SCOTIABANK PERU SAA                                                                              | BNSPE V6.1 10/01/35 144A                                                         | CUSIP: 80928HAB9<br>LEI: 5493001E54CPRG5J5Q41 | Long             | DBT              | CORP              | PE        |    325000 | PA      | $333937.50    | 0.28%             | 2035-10-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: —       |
| CEDR COMMERCIAL MORTGAGE TRUST 2022-SNAI                                                         | CEDR 2022-SNAI E                                                                 | CUSIP: 12524AAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    375000 | PA      | $363198.11    | 0.31%             | 2039-02-15      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Hologic, Inc.                                                                                    | Hologic, Inc. Term Loan B 225 2033-01-04                                         | CUSIP: 43644ABL2<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | LON              | CORP              | US        |    550000 | PA      | $547596.50    | 0.46%             | 2033-04-07      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| ARIS MINING CORP                                                                                 | ARISCN 8 10/31/29 REGS                                                           | CUSIP: 000000000<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CA        |    650000 | PA      | $673114.46    | 0.57%             | 2029-10-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| BX COMMERCIAL MORTGAGE TRUST 2018-BIOA                                                           | BX 2026-RISE E                                                                   | CUSIP: 05595AAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300767.04    | 0.26%             | 2041-04-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| OCP CLO 2024-35 LTD                                                                              | OCP 2024-35A D1                                                                  | CUSIP: 671060AJ0<br>LEI: 2138008SMV573POQTV86 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $250757.00    | 0.21%             | 2037-10-26      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                                           | 10-Year T-Note Futures, Jun-2026,ETH                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -74 | NC      | $94895.64     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amneal Pharmaceuticals LLC                                                                       | Amneal Pharmaceuticals Term Loan B 300 2032-08-01                                | CUSIP: 03167DAS3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |    333325 | PA      | $335199.95    | 0.28%             | 2032-08-02      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| KREF 2022-FL3 LTD                                                                                | KREF 2022-FL3 D                                                                  | CUSIP: 48275EAJ5<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300298.65    | 0.25%             | 2039-02-22      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                                                                     | FUN 8.625 01/15/32 144A                                                          | CUSIP: 83003AAA8<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    275000 | PA      | $279734.40    | 0.24%             | 2032-01-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                                                    | SOAF 7.25 12/11/55 144A                                                          | CUSIP: 836205BJ2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $188714.50    | 0.16%             | 2055-12-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO                                 | MEX 5.375 05/16/40                                                               | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $231982.57    | 0.20%             | 2040-05-16      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA INC                                                                        | ESA 2025-ESH F                                                                   | CUSIP: 30227TAL4<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |    173364 | PA      | $174849.94    | 0.15%             | 2042-10-15      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                                               | BX 2025-VOLT D                                                                   | CUSIP: 05619PAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $449407.80    | 0.38%             | 2044-12-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| ADM ELEKTRIK DAGITIM AS                                                                          | ADMELE 9.5 02/05/31 144A                                                         | CUSIP: 00710QAA1<br>LEI: 984500CB836F7EC9CF60 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $196785.31    | 0.17%             | 2031-02-05      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Genmab A/S                                                                                       | Genmab A/S Term Loan B 300 2032-11-05                                            | CUSIP: 37231EAB8<br>LEI: 529900MTJPDPE4MHJ122 | Long             | LON              | CORP              | US        |    487500 | PA      | $491124.56    | 0.42%             | 2032-12-10      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Mens Wearhouse LLC (The)                                                                         | Tailored Brands Term Loan B 575 2031-01-13                                       | CUSIP: 58711MAK5<br>LEI: NKFP7BJ6WYEV4I24P532 | Long             | LON              | CORP              | US        |    375000 | PA      | $378868.13    | 0.32%             | 2031-01-28      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| STATE STREET GLOBAL MARKETS, LLC                                                                 | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 549300FDEDF5ORXCMQ56 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1676.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                                                                 | VBTEL 2024-1A F                                                                  | CUSIP: 91823ABG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $205068.76    | 0.17%             | 2054-05-15      | Fixed         | 8.87%                 | No            |                  2 | On Loan: No      |
| Lackawanna Energy Center LLC                                                                     | LACKAWANNA ENERGY CENTER                                                         | CUSIP: 000000000<br>LEI: 549300IW2LJBNY42EC59 | Long             | LON              | CORP              | US        |    233577 | PA      | $234744.50    | 0.20%             | 2032-08-05      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS SA DE CV                                                                     | PEMEX 6.35 02/12/48                                                              | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    375000 | PA      | $301703.89    | 0.26%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                                                                                 | PSD V7.25 09/15/56 144a                                                          | CUSIP: 745310AT9<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226374.98    | 0.19%             | 2056-09-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SLG OFFICE TRUST COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES 2021-OVA                          | SLG 2026-OMA D                                                                   | CUSIP: 78451FAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201828.28    | 0.17%             | 2041-04-17      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | CAS 2021-R02 2B2                                                                 | CUSIP: 20754KAJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    925000 | PA      | $948558.09    | 0.80%             | 2041-11-25      | Floating      | 9.85%                 | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC                                                                         | AZURGY 8.25 01/22/31 144A                                                        | CUSIP: 05501YAB4<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $206729.48    | 0.18%             | 2031-01-22      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SV RNO PROPERTY OWNER 1 LLC                                                                      | TRACTC 5.875 03/01/31 144A                                                       | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $269994.64    | 0.23%             | 2031-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                                         | OBX 2026-NQM5 Trust                                                              | CUSIP: 67124DAK7<br>LEI: 254900U0G1G2KQEUQ447 | Long             | ABS-MBS          | CORP              | US        |    444433 | PA      | $444413.79    | 0.38%             | 2066-01-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-VLT6                                                                               | BX 2025-VLT6 C                                                                   | CUSIP: 12433KAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $298356.09    | 0.25%             | 2042-03-17      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                     | ZAR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $2012.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL                                                                               | SAAVIE 8.875 02/10/35 REGS                                                       | CUSIP: 000000000<br>LEI: 254900A2V0IO8K56UH35 | Long             | DBT              | CORP              | LU        |    375000 | PA      | $417581.25    | 0.35%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| PERU, REPUBLIC OF - DIRECCION GENERAL DE CREDITO PUBLICO                                         | PERUGB 6.85 08/12/35                                                             | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   4000000 | PA      | $1189794.97   | 1.01%             | 2035-08-12      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Raising Canes Restaurants LLC                                                                    | Raising Cane's Restaurants Term Loan B (Incremental) 200 2032-10-18              | CUSIP: 75101XAQ0<br>LEI: 254900V6ADXFWHYOED66 | Long             | LON              | CORP              | US        |    498750 | PA      | $499842.26    | 0.42%             | 2032-11-03      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Graham Packaging Company Inc                                                                     | GRAHAM PACKAGING/GPC CAP                                                         | CUSIP: 000000000<br>LEI: 549300YS0ZFT826HIK72 | Long             | LON              | CORP              | US        |    350000 | PA      | $349781.25    | 0.30%             | 2033-01-26      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                                                             | SHEARE 9.625 09/15/32 144A                                                       | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $336918.08    | 0.29%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| VRTX TRUST 2025-HQ                                                                               | VRTX 2025-HQ C                                                                   | CUSIP: 91835XAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    575000 | PA      | $572621.23    | 0.49%             | 2042-08-07      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                                                             | KALU 5.875 03/01/34 144A                                                         | CUSIP: 483007AM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $250703.50    | 0.21%             | 2034-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA5                                                          | STACR 2021-DNA5 B2                                                               | CUSIP: 35564KJB6<br>LEI: 5493000ISU5NYXNHD479 | Long             | ABS-O            | USGSE             | US        |    325000 | PA      | $395480.64    | 0.34%             | 2034-01-25      | Floating      | 9.15%                 | No            |                  2 | On Loan: No      |
| SWCH COMMERCIAL MORTGAGE TRUST 2025-DATA                                                         | SWCH 2025-DATA D                                                                 | CUSIP: 78489CAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $272563.25    | 0.23%             | 2042-02-18      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| BOPARAN FINANCE PLC                                                                              | BOPRLN 9.375 11/07/29 144A                                                       | CUSIP: 000000000<br>LEI: 213800GQSQIOBR3DHN70 | Long             | DBT              | CORP              | GB        |    135000 | PA      | $194231.47    | 0.16%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                                                      | E-mini S&P 500 EOM Options                                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        17 | NC      | $130900.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| APIDOS CLO XXX LTD                                                                               | APID XXXA CR                                                                     | CUSIP: 03768CAW9<br>LEI: 2549001XBZ4DU4T7EC48 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501658.50    | 0.43%             | 2031-10-20      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                                                                   | CVI 7.5 02/15/31 144A                                                            | CUSIP: 12662PAH1<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126653.50    | 0.11%             | 2031-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2022-R04                                                     | CAS 2022-R04 1B2                                                                 | CUSIP: 20753YAL6<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    425000 | PA      | $454103.41    | 0.39%             | 2042-03-25      | Floating      | 13.15%                | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESORTS INC                                                                   | VAC 6.5 10/01/33 144A                                                            | CUSIP: 57164PAK2<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    380000 | PA      | $365675.82    | 0.31%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-VLT4                                                                               | BX 2024-VLT4 E                                                                   | CUSIP: 05612TAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    383800 | PA      | $378928.35    | 0.32%             | 2041-06-17      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| ALLY AUTO RECEIVABLES TRUST 2022-3                                                               | ABCLN 2024-B D                                                                   | CUSIP: 02007G4E0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    315717 | PA      | $317606.71    | 0.27%             | 2032-09-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| BX Trust 2026-OPTM                                                                               | BX 2026-OPTM D                                                                   | CUSIP: 05594XAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $349879.71    | 0.30%             | 2039-03-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| KRE COMMERCIAL MORTGAGE TRUST 2026-ICNA                                                          | KRE 2026-ICNA D                                                                  | CUSIP: 48275LAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325000 | PA      | $327071.36    | 0.28%             | 2043-05-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PR RNO PROPERTY OWNER 1 LLC                                                                      | TRACTD 6.5 05/01/31 144A                                                         | CUSIP: 69393LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $371905.83    | 0.32%             | 2031-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GRUPPO SAN DONATO SPA                                                                            | GRSADO 6.5 10/31/31 REGS                                                         | CUSIP: 000000000<br>LEI: 8156003649DB0704FC22 | Long             | DBT              | CORP              | IT        |    150000 | PA      | $176234.11    | 0.15%             | 2031-10-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                       | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $6126.33      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Pegasus Bidco Bv                                                                                 | PEGASUS BIDCO BV                                                                 | CUSIP: 000000000<br>LEI: 254900U303DPAFR7MA71 | Long             | LON              | CORP              | US        |    309221 | PA      | $311057.87    | 0.26%             | 2029-07-12      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO                                 | MBONO 7.75 11/23/34 M                                                            | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  43310000 | PA      | $2272804.30   | 1.93%             | 2034-11-23      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HUNGARY, REPUBLIC OF - MINISTRY OF FINANCE                                                       | HGB 3.25 10/22/31 31/A                                                           | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        | 320420000 | PA      | $908680.04    | 0.77%             | 2031-10-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICES INC                                                                    | PRIHEA 9.375 09/01/29 144A                                                       | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $648549.48    | 0.55%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Crescent Midstream Operating, LLC                                                                | CRESCENT MIDSTREAM INTERMEDIATE HOLDINGS LLC                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    250000 | PA      | $251667.50    | 0.21%             | 2033-02-11      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| OAK STREET INVESTMENT GRADE NET LEASE FUND SERIES 2020-1 LLC                                     | OAKIG 2020-1A A5                                                                 | CUSIP: 67181DAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    495208 | PA      | $349122.52    | 0.30%             | 2050-11-20      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                                                             | ALPGEN 6.25 01/15/34 144A                                                        | CUSIP: 02073LAC5<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99376.96     | 0.08%             | 2034-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARGENTINA, REPUBLIC OF - SUBSECRETARIA DE FINANCIAMIENTO                                         | ARGENT 4.125 07/09/35                                                            | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    450000 | PA      | $336375.00    | 0.29%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| KEHE DISTRIBUTORS LLC                                                                            | KEHEFO 9 02/15/29 144A                                                           | CUSIP: 487526AC9<br>LEI: 549300WQCH7SRQ8JKE47 | Long             | DBT              | CORP              | US        |    450000 | PA      | $470953.80    | 0.40%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| LIFE 2022-BMR2 MORTGAGE TRUST                                                                    | LIFE 2022-BMR2 A1                                                                | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $266037.34    | 0.23%             | 2039-05-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                     | USD/JPY FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-57287.83    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD (NEW)                                                                            | IHS 8.25 11/29/31 144A                                                           | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $418763.46    | 0.36%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| JUNIPER RECEIVABLES 2023-1 DAC                                                                   | JUNIPER RECEIVABLES 2023-1 DAC                                                   | CUSIP: 481941102<br>LEI: 635400VPHEPHO9HXX694 | Long             | EC               | CORP              | US        |        10 | NS      | $160358.33    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| OBX 2026-NQM2 TRUST                                                                              | OBX 2026-NQM3 A3                                                                 | CUSIP: 67449MAK5<br>LEI: 2549007DTHVTGCMU8X03 | Long             | ABS-O            | CORP              | US        |    508923 | PA      | $503993.53    | 0.43%             | 2066-01-25      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| F.I.S. FABBRICA ITALIANA SINTETICI SPA                                                           | FISITA 5.25 02/05/31 144A                                                        | CUSIP: 000000000<br>LEI: 8156004D7056C63EC525 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $233003.99    | 0.20%             | 2031-02-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                                                | HRI 5.75 03/15/31 144A                                                           | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100299.60    | 0.09%             | 2031-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                                                                                 | PSD V7 09/15/56 144A                                                             | CUSIP: 745310AR3<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226478.70    | 0.19%             | 2056-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Transdigm Inc                                                                                    | TransDigm Term Loan J 250 2031-02-01                                             | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    197487 | PA      | $198004.87    | 0.17%             | 2031-02-28      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                                                | POST 6.5 03/15/36 144A                                                           | CUSIP: 737446AY0<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    370000 | PA      | $367904.28    | 0.31%             | 2036-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                                                   | OPALBD 5.5 03/31/32 144A                                                         | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $297752.64    | 0.25%             | 2032-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-VLT6                                                                               | BX 2025-VLT6 B                                                                   | CUSIP: 12433KAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    425000 | PA      | $422574.53    | 0.36%             | 2042-03-17      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                       | USD/CHF FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $32369.38     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                       | USD/MXN FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $25517.61     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| QXO INC                                                                                          | BECN 6.75 04/30/32 144A                                                          | CUSIP: 74825NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $239858.73    | 0.20%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MONTENEGRO, REPUBLIC OF - MINISTRY OF FINANCE                                                    | MONTEN 4.875 04/01/32 REGS                                                       | CUSIP: 000000000<br>LEI: 747800V014106FYLL014 | Long             | DBT              | NUSS              | ME        |    375000 | PA      | $443048.07    | 0.38%             | 2032-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERIALS INC                                                                  | SOLADV 5.625 09/30/33 144A                                                       | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |    400000 | PA      | $398041.36    | 0.34%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BDS 2025-FL14 LLC                                                                                | BDS 2025-FL14 C                                                                  | CUSIP: 072921AL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    130000 | PA      | $129852.00    | 0.11%             | 2042-10-21      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                                     | UBS V7.125 PERP 144a                                                             | CUSIP: 225401BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    250000 | PA      | $255986.00    | 0.22%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                                                                             | BOOTFN 5.375 08/31/32 144a                                                       | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |    300000 | PA      | $358509.50    | 0.30%             | 2032-08-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                                                    | CRWV 9 02/01/31 144A                                                             | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298472.87    | 0.25%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST 2019-10K                                            | NCMS 2019-10K E                                                                  | CUSIP: 63874UAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $232684.33    | 0.20%             | 2039-05-17      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                                                     | HNDLIN 6.375 08/15/33 144A                                                       | CUSIP: 670001AN6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    650000 | PA      | $653186.30    | 0.55%             | 2033-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                                                | POST 6.25 10/15/34 144A                                                          | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197613.40    | 0.17%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                     | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-6066.01     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| VASA TRUST 2021-VASA                                                                             | VASA 2021-VASA D                                                                 | CUSIP: 92230AAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $162871.28    | 0.14%             | 2039-07-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                                               | BX 2026-XL6 E                                                                    | CUSIP: 12433NAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $398763.32    | 0.34%             | 2043-03-15      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                                                                 | VBTEL 2024-1A D                                                                  | CUSIP: 91823ABE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $203249.46    | 0.17%             | 2054-05-15      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| VTR COMMERCIAL MORTGAGE TRUST 2025-STEM                                                          | VTR 2025-STEM D                                                                  | CUSIP: 92890YAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $271290.58    | 0.23%             | 2039-10-14      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| CORPORACION INMOBILIARIA VESTA SAB DE CV                                                         | VESTA 5.5 01/30/33 144A                                                          | CUSIP: 21989DAB8<br>LEI: 4469000001BIRIFZJ959 | Long             | DBT              | CORP              | MX        |    450000 | PA      | $448708.50    | 0.38%             | 2033-01-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MEN'S WEARHOUSE LLC (THE)                                                                        | Men's Wearhouse LLC/The                                                          | CUSIP: 587118AF7<br>LEI: NKFP7BJ6WYEV4I24P532 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105888.20    | 0.09%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco Gmbh                                                                           | TK Elevator (fka Thyssenkrupp Elevator) Term Loan B (Incremental) 275 2030-04-01 | CUSIP: 000000000<br>LEI: 254900K869UN2ZWVB351 | Long             | LON              | CORP              | US        |    375000 | PA      | $378360.00    | 0.32%             | 2030-04-30      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| ULTIMATE KRONOS GROUP INC                                                                        | ULTI 6.875 02/01/31 144A                                                         | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    325000 | PA      | $316588.49    | 0.27%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust 2026-ESH2                                                            | ESA 2026-ESH2 D                                                                  | CUSIP: 30227WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    493647 | PA      | $496598.74    | 0.42%             | 2043-02-18      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| PAYDEN & RYGEL INVESTMENT GROUP (THE)                                                            | Payden Cash Reserves Money Market Fund                                           | CUSIP: 704329598<br>LEI: 549300QJNYRKYZS3P282 | Long             | STIV             | RF                | US        |   3647283 | NS      | $3647283.48   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                       | USD/CHF FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $716.15       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM3                                         | MSRM 2026-NQM3 B2                                                                | CUSIP: 617960AK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $247542.93    | 0.21%             | 2071-03-25      | Variable      | 6.69%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                                               | BX 2026-XL6 D                                                                    | CUSIP: 12433NAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $149594.81    | 0.13%             | 2043-03-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| APLD COMPUTECO LLC                                                                               | APLD 9.25 12/15/30 144A                                                          | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $349508.20    | 0.30%             | 2030-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC                                                                          | EA 8.75 07/01/34 144A                                                            | CUSIP: 67124CAB9<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |    425000 | PA      | $442525.68    | 0.38%             | 2034-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2018-BIOA                                                           | BX 2026-LP3 D                                                                    | CUSIP: 05620HAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251304.80    | 0.21%             | 2043-04-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO E INVERSIONES SA                                                                | BCICI V8.75 PERP 144A                                                            | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    400000 | PA      | $429832.00    | 0.36%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS INC                                                                      | SURCEN 7.25 04/15/32 144A                                                        | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    565000 | PA      | $564197.87    | 0.48%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CESAR SPA                                                                                        | CESARS 6.5 09/30/31 REGS                                                         | CUSIP: 000000000<br>LEI: 815600136D7200E49057 | Long             | DBT              | CORP              | IT        |    250000 | PA      | $297362.70    | 0.25%             | 2031-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JADESTONE ENERGY UK PLC                                                                          | JSELN 12 04/14/31                                                                | CUSIP: 000000000<br>LEI: 254900K9I7FHDEE2AH54 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $279936.25    | 0.24%             | 2031-03-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2023-R04                                                     | CAS 2023-R04 1B2                                                                 | CUSIP: 20754QAJ7<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    525000 | PA      | $589292.76    | 0.50%             | 2043-05-26      | Floating      | 11.90%                | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                                           | U.S. Treasury Bond Futures, Jun-2026,ETH                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -13 | NC      | $48159.99     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMIT 2022-BVUE MORTGAGE TRUST                                                                   | SUMMT 2022-BVUE D                                                                | CUSIP: 865592AJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $242466.79    | 0.21%             | 2041-02-12      | Variable      | 2.99%                 | No            |                  2 | On Loan: No      |
| DURST COMMERCIAL MORTGAGE TRUST 2025-151                                                         | DURST 2025-151 D                                                                 | CUSIP: 266895AG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $414162.64    | 0.35%             | 2042-08-12      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| MEDCO CYPRESS TREE PTE LTD                                                                       | MEDCIJ 8.625 05/19/30 REGS                                                       | CUSIP: 000000000<br>LEI: 254900NKZ2Y3YZK4WC46 | Long             | DBT              | CORP              | SG        |    350000 | PA      | $366447.99    | 0.31%             | 2030-05-19      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| AmWINS Group Inc                                                                                 | AmWINS Group Term Loan B 200 2032-01-01                                          | CUSIP: 03234TBB3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |    698232 | PA      | $698476.70    | 0.59%             | 2032-01-30      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS FINANCE CORP                                                                          | FGP 9.25 01/15/31 144A                                                           | CUSIP: 315292AU6<br>LEI: 549300EW667UKOZLEW85 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5251.14      | 0.00%             | 2031-01-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                                    | C V6.5 PERP JJ                                                                   | CUSIP: 172967QK0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    375000 | PA      | $377195.25    | 0.32%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| LIBERTY COSTA RICA SENIOR SECURED FINANCE                                                        | LBTCOR 10.875 01/15/31 REGS                                                      | CUSIP: 000000000<br>LEI: 549300W6O2PHTPCYQ751 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $263192.50    | 0.22%             | 2031-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                                             | RY V6.5 11/24/85                                                                 | CUSIP: 780082AY9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    275000 | PA      | $271221.14    | 0.23%             | 2085-11-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FS RIALTO 2021-FL2 ISSUER LTD                                                                    | FSRIA 2021-FL2 D                                                                 | CUSIP: 30319YAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $350426.09    | 0.30%             | 2038-05-18      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | CAS 2016-C04 1B                                                                  | CUSIP: 30711XDB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     98120 | PA      | $100055.78    | 0.08%             | 2029-01-25      | Floating      | 10.74%                | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                                           | 5-Year T-Note Futures, Jun-2026,ETH                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -205 | NC      | $10202.98     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic, Inc.                                                                                    | HOPPER MERGER SUB INC                                                            | CUSIP: 43644ABM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $117565.11    | 0.10%             | 2033-04-07      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| DIAMOND INFRASTRUCTURE FUNDING LLC                                                               | DNFRA 2021-1A B                                                                  | CUSIP: 25265LAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $147044.03    | 0.12%             | 2049-04-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Treehouse Foods Inc                                                                              | TreeHouse Foods Term Loan B 425 2033-01-19                                       | CUSIP: 89468XAX3<br>LEI: 5493007M7EVHE470Q576 | Long             | LON              | CORP              | US        |    325000 | PA      | $328098.88    | 0.28%             | 2033-02-04      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| TREEHOUSE FOODS INC                                                                              | THS 7.75 02/11/33 144A                                                           | CUSIP: 456142AA6<br>LEI: 5493007M7EVHE470Q576 | Long             | DBT              | CORP              | US        |    275000 | PA      | $278117.44    | 0.24%             | 2033-02-11      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Sage Ar Funding 2026 NO.1 PLC                                                                    | SGSHR 2026-1A C                                                                  | CUSIP: 000000000<br>LEI: 213800Y337GJQTPC7M38 | Long             | ABS-O            | CORP              | GB        |    475000 | PA      | $643861.96    | 0.55%             | 2038-05-18      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| BOS Trust 2026-LYRK                                                                              | BOS Trust 2026-LYRK                                                              | CUSIP: 05595BAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $150045.00    | 0.13%             | 2041-05-11      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                     | GBP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-62391.63    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                       | USD/SEK FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-11194.36    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                     | USD/GBP FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $11592.73     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                                                      | E-mini S&P 500 EOM Options                                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       -17 | NC      | $-38037.50    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                       | SEK/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $23260.56     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                     | USD/PEN FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $4879.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EUREX DEUTSCHLAND                                                                                | Euro(FGBS) Schatz Futures                                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -16 | NC      | $3906.28      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                                                                | EURO(FGBX) Buxl Futures                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -1 | NC      | $3084.38      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                                                                | Euro(FGBL) Bund Futures                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -19 | NC      | $6348.59      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                                           | 2-Year T-Note Futures, Jun-2026,ETH                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       586 | NC      | $-549523.10   | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                                           | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -64 | NC      | $70109.28     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                                                                               | Long Gilt Future - ICEU, Jun26                                                   | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |        -2 | NC      | $2669.23      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPANIA DE MINAS BUENAVENTURA SA                                                                | BUENAV 6.8 02/04/32 REGS                                                         | CUSIP: 000000000<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | PE        |    425000 | PA      | $436764.00    | 0.37%             | 2032-02-04      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| KENYA, GOVERNMENT OF                                                                             | KENINT 8.7 02/26/39 144A                                                         | CUSIP: 491798AS3<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    200000 | PA      | $189001.38    | 0.16%             | 2039-02-26      | Fixed         | 8.70%                 | No            |                  2 | On Loan: No      |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                                                       | ROMGB 3.65 09/24/31 15Y                                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   4785000 | PA      | $924429.59    | 0.78%             | 2031-09-24      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| DOMINICAN, REPUBLIC OF - MINISTERIO DE HACIENDA                                                  | DOMREP 5.875 10/28/35 144A                                                       | CUSIP: 25714PFF0<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    350000 | PA      | $342982.50    | 0.29%             | 2035-10-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                     | JPY/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $6363.69      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2026-1250B                                                 | WFCM 2026-1250B E                                                                | CUSIP: 949939AJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $204222.58    | 0.17%             | 2041-03-12      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2016-FL1 LTD                                           | ARCLO 2021-FL4 D                                                                 | CUSIP: 03880RAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $352324.07    | 0.30%             | 2036-11-17      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD (NEW)                                                                            | IHS 8.25 11/29/31 REGS                                                           | CUSIP: 000000000<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $209381.73    | 0.18%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BSPRT 2026-FL13 ISSUER LLC                                                                       | BSPRT 2026-FL13 E                                                                | CUSIP: 05620GAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    275000 | PA      | $275168.52    | 0.23%             | 2043-10-19      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-BCAT                                                           | BX 2025-BCAT D                                                                   | CUSIP: 12433HAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    306431 | PA      | $308110.56    | 0.26%             | 2042-08-15      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| EDGE FINCO PLC                                                                                   | EDFINC 8.125 08/15/31 REGS                                                       | CUSIP: 000000000<br>LEI: 648835NI8LJE5190NT73 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $210419.97    | 0.18%             | 2031-08-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | CAS 2022-R03 1B2                                                                 | CUSIP: 20753XAJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    500000 | PA      | $535785.20    | 0.45%             | 2042-03-25      | Floating      | 13.50%                | No            |                  2 | On Loan: No      |
| COTE D'IVOIRE, REPUBLIC OF                                                                       | IVYCST 6.75 02/25/41 144A                                                        | CUSIP: 221625AX4<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    250000 | PA      | $230783.28    | 0.20%             | 2041-02-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2026-DNA2 B1                                                               | CUSIP: 35564UEP8<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    575000 | PA      | $580400.86    | 0.49%             | 2046-03-26      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| MAIN STREET CAPITAL CORP                                                                         | MAIN 6.95 03/01/29                                                               | CUSIP: 56035LAH7<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |    350000 | PA      | $360896.99    | 0.31%             | 2029-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| EUREX DEUTSCHLAND                                                                                | Euro(FGBM) Bobl Futures                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -47 | NC      | $80210.70     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| INFINITY NATURAL RESOURCES LLC                                                                   | INFNAR 7.625 04/01/31 144A                                                       | CUSIP: 45690BAA3<br>LEI: 54930021094IFVB5ND43 | Long             | DBT              | CORP              | US        |    525000 | PA      | $534156.53    | 0.45%             | 2031-04-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CPPIB OVM Member U.S. LLC                                                                        | Ohio Valley Midstream Term Loan B 325 2031-08-01                                 | CUSIP: 12673CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    745112 | PA      | $746975.22    | 0.63%             | 2031-08-20      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| OBX 2023-NQM4 TRUST                                                                              | OBX 2023-NQM4 M1                                                                 | CUSIP: 67448GAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $398879.60    | 0.34%             | 2063-03-25      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| BX Trust 2026-OPTM                                                                               | BX 2026-OPTM E                                                                   | CUSIP: 05594XAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $174488.58    | 0.15%             | 2039-03-15      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA INC                                                                        | ESA 2025-ESH D                                                                   | CUSIP: 30227TAG5<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |    361175 | PA      | $363500.68    | 0.31%             | 2042-10-15      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| DIAMOND INFRASTRUCTURE FUNDING LLC                                                               | DNFRA 2021-1A C                                                                  | CUSIP: 25265LAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $488941.00    | 0.41%             | 2049-04-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| BBCMS TRUST 2015-SRCH                                                                            | BBCMS 2015-SRCH D                                                                | CUSIP: 05547HAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    375000 | PA      | $349394.96    | 0.30%             | 2035-08-10      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| LMDV ISSUER COMPANY LLC                                                                          | LMDV 2025-1A A2                                                                  | CUSIP: 538908AA2<br>LEI: 254900A6HRP8XHJJGM20 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251312.25    | 0.21%             | 2055-12-15      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| OVH GROUPE SA                                                                                    | OVH 4.75 02/05/31 REGS                                                           | CUSIP: 000000000<br>LEI: 9695001J8OSOVX4TP939 | Long             | DBT              | CORP              | FR        |    275000 | PA      | $320944.62    | 0.27%             | 2031-02-05      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2018-BIOA                                                           | BX 2026-LP3 E                                                                    | CUSIP: 05620HAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $226347.23    | 0.19%             | 2043-04-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                   | USD/ZAR FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $14837.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                                                                          | STGW 5.625 08/15/29 144A                                                         | CUSIP: 59565JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $523539.26    | 0.44%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                                                                 | VBTEL 2026-1A F                                                                  | CUSIP: 91825HAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $175943.37    | 0.15%             | 2056-03-15      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| VASA TRUST 2021-VASA                                                                             | VASA 2021-VASA B                                                                 | CUSIP: 92230AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $169696.28    | 0.14%             | 2039-07-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                                                                      | GEOPAR 8.75 01/31/30 REGS                                                        | CUSIP: 000000000<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |    325000 | PA      | $326774.36    | 0.28%             | 2030-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-DELC                                                                               | BX 2025-DELC E                                                                   | CUSIP: 05594MAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $351875.13    | 0.30%             | 2042-12-15      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-HQA3                                                          | STACR 2021-HQA3 B2                                                               | CUSIP: 35564KKL2<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-O            | USGSE             | US        |    425000 | PA      | $432596.15    | 0.37%             | 2041-09-25      | Floating      | 9.90%                 | No            |                  2 | On Loan: No      |
| DIGICEL INTERNATIONAL FINANCE LTD                                                                | DIGDIF 8.625 08/01/32 144A                                                       | CUSIP: 25381MAA5<br>LEI: 5493007V023VOEW4FK27 | Long             | DBT              | CORP              | BM        |    400000 | PA      | $416418.40    | 0.35%             | 2032-08-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                                                                  | BMCAUS 6.25 08/01/33 144A                                                        | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225107.80    | 0.19%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                                                                  | BMCAUS 5.875 03/15/34 144A                                                       | CUSIP: 853192AA0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    350000 | PA      | $341581.52    | 0.29%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BETCLIC EVEREST GROUP SAS                                                                        | BTCLIC 5.125 12/10/31 144A                                                       | CUSIP: 000000000<br>LEI: 96950037FKVH5JOEKU82 | Long             | DBT              | CORP              | FR        |    125000 | PA      | $147110.39    | 0.12%             | 2031-12-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                     | ZAR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $30152.76     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Transdigm                                                                                        | TransDigm Term Loan M (Incremental) 250 2032-08-01                               | CUSIP: 89364MCE2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    498248 | PA      | $499660.65    | 0.42%             | 2032-08-19      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                                             | T 3.5 01/31/28                                                                   | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1300000 | PA      | $1291646.49   | 1.10%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                                           | VENLNG V9 PERP 144a                                                              | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494863.85    | 0.42%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| JDAC 0 08/15/29                                                                                  | JDAC 0 08/15/29                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $114072.04    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PERU SA                                                                     | BCP V5.65 01/15/37 144A                                                          | CUSIP: 05971U2K2<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |    700000 | PA      | $696675.00    | 0.59%             | 2037-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                                                  | MADIAQ 5.875 06/30/29 144A                                                       | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149715.56    | 0.13%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Digicel International Finance Ltd                                                                | DIGICEL INTERNATIONAL FINANCE LTD                                                | CUSIP: 000000000<br>LEI: 5493007V023VOEW4FK27 | Long             | LON              | CORP              | BM        |    101365 | PA      | $101692.49    | 0.09%             | 2032-08-06      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| BFLD COMMERCIAL MORTGAGE TRUST 2025-660F                                                         | BFLD 2025-660F D                                                                 | CUSIP: 05556QAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $275890.81    | 0.23%             | 2042-11-17      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| DRIVEN BRANDS FUNDING LLC                                                                        | HONK 2025-1A A2                                                                  | CUSIP: 26209XAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    398000 | PA      | $360248.71    | 0.31%             | 2055-10-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GALAXY BIDCO LTD                                                                                 | DGGLN 8.125 12/19/29 REGS                                                        | CUSIP: 000000000<br>LEI: 984500645A980C6A3639 | Long             | DBT              | CORP              | JE        |    125000 | PA      | $175798.37    | 0.15%             | 2029-12-19      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                       | USD/NOK FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-33961.90    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ENQUEST PLC                                                                                      | ENQLN 9.875 04/30/31 144A                                                        | CUSIP: 29357JAF3<br>LEI: 2138008LJU6WFQWOXJ73 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $284205.93    | 0.24%             | 2031-04-30      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                                                                      | MET V5.85 03/15/56 .                                                             | CUSIP: 59156RCR7<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148034.21    | 0.13%             | 2056-03-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: —       |
| COLOGIX CANADIAN ISSUER LP                                                                       | CLGIX 2022-1CAN B                                                                | CUSIP: 19521DAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    400000 | PA      | $291718.63    | 0.25%             | 2052-01-25      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| CIBANCO SA                                                                                       | FISOMA 4.375 07/22/31 REGS                                                       | CUSIP: 000000000<br>LEI: 549300BR2MJVB6M3AW91 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $460571.05    | 0.39%             | 2031-07-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| BX 2025-BIO3 MORTGAGE TRUST                                                                      | BX 2025-BIO3 B                                                                   | CUSIP: 123911AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $551864.94    | 0.47%             | 2042-02-12      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| OBSIDIAN ENERGY LTD                                                                              | OBECN 8.125 12/03/30 144A                                                        | CUSIP: 674482AE4<br>LEI: 549300DITPHH8W8CK636 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $131570.47    | 0.11%             | 2030-12-03      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| ALBANIA, REPUBLIC OF - MINISTRY OF FINANCE (MINISTRIA E FINANCAVE)                               | ALBANI 4.75 02/14/35 REGS                                                        | CUSIP: 000000000<br>LEI: 254900EDM43U3SGRND29 | Long             | DBT              | NUSS              | AL        |    100000 | PA      | $116733.67    | 0.10%             | 2035-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2026-1250B                                                 | WFCM 2026-1250B D                                                                | CUSIP: 949939AG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    375000 | PA      | $371302.43    | 0.31%             | 2041-03-12      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PERU SA                                                                     | BCP V6.45 07/30/35 144A                                                          | CUSIP: 05971U2J5<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |    175000 | PA      | $179249.00    | 0.15%             | 2035-07-30      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| FORT CRE 2022-FL3 ISSUER LLC                                                                     | FORT 2022-FL3 AS                                                                 | CUSIP: 34706CAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200044 | PA      | $200336.73    | 0.17%             | 2039-02-24      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-22

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

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer