# EDGAR Filing Document

**Accession Number:** 0000804239
**File Stem:** 0002048251-25-002852
**Filing Date:** 2025-11
**Character Count:** 182239
**Document Hash:** 3cfc1971764f6aa080e7819d6b19c65e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-002852.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0002048251-25-002852

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEI INSTITUTIONAL MANAGED TRUST
- **CENTRAL INDEX KEY:** 0000804239

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04878
- **FILM NUMBER:** 251533174

**BUSINESS ADDRESS:**
- **STREET 1:** 2 OLIVER ST
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 8003455734

**MAIL ADDRESS:**
- **STREET 1:** SEI INVESTMENTS
- **STREET 2:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRUSTFUNDS INSTITUTIONAL MANAGED TRUST
- **DATE OF NAME CHANGE:** 19890509

## Series and Classes Contracts Data

### SIMT Multi-Strategy Alternative Fund (Series ID: S000028026)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000085250 | Class F      | SMSAX           |
| C000147402 | Class Y      | SMUYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SEI INSTITUTIONAL MANAGED TRUST

- **b. Investment Company Act file number:** 811-04878

- **c. CIK number of Registrant:** 0000804239

- **d. LEI of Registrant:** 9FTE3UO0Y1HGMNV0D371

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

  - **Street Address 1:** 2 OLIVER STREET

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

  - **Telephone number:** 8003455734

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

- **a. Name of Series:** SIMT Multi-Strategy Alternatives Fund

- **b. EDGAR series identifier (if any):** S000028026

- **c. LEI of Series:** ATT1ZPDBFPY84CU0TR19

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

- **a. Date of fiscal year-end:** 2025-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $282832228.92

**Total Liabilities:** $41604512.29

**Net Assets:** $241227716.63

**Cash Not Reported:** $54411362.89

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -0.74578066 | **1-Year:** -38.98236062 | **5-Year:** -106.65015567 | **10-Year:** -62.62581776 | **30-Year:** 0.00000000

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

- **3-Month:** -405.33035684 | **1-Year:** -6088.85313110 | **5-Year:** -8115.86332207 | **10-Year:** -1141.68290775 | **30-Year:** -48.52764928

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000147402 | 1.30%                | 1.31%                | 0.71%                |
| Class ID C000085250 | 1.30%                | 1.31%                | 0.71%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $913367.60               | $1577285.52                                |
| Month 2  | $824413.60               | $1801116.70                                |
| Month 3  | $1461688.44              | $-334118.27                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CSC HOLDINGS, LLC                                         | CSC HOLDINGS LLC 144A 7.500000% 04/01/2028                                           | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     55000 | PA      | $39829.74     | 0.02%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                   | LEVEL 3 FINANCING INC 144A 3.875000% 10/15/2030                                      | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21827.34     | 0.01%             | 2030-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                  | SERVICE PROPERTIES TRUST 4.950000% 10/01/2029                                        | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     80000 | PA      | $70507.86     | 0.03%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ZOOM COMMUNICATIONS INC                                   | ZOOM COMMUNICATIONS INC COMMON STOCK                                                 | CUSIP: 98980L101<br>LEI: N/A                  | Long             | EC               |  | US        |      6385 | NS      | $526762.50    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| McGraw-Hill Education, Inc.                               | MCGRAW-HILL EDUCATION INC 144A 7.375000% 09/01/2031                                  | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    160000 | PA      | $166231.84    | 0.07%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| THE CHEMOURS COMPANY                                      | CHEMOURS CO/THE 144A 5.750000% 11/15/2028                                            | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    619000 | PA      | $603756.94    | 0.25%             | 2028-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                      | ONEMAIN FINANCE CORP 3.875000% 09/15/2028                                            | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     80000 | PA      | $76885.38     | 0.03%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC.                                           | SABRE GLBL INC. 12/17/2027                                                           | CUSIP: 78571YBG4<br>LEI: N/A                  | Long             | LON              |  | US        |     16230 | PA      | $15337.02     | 0.01%             | 2027-12-17      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| SPLAT SUPER HOLDCO/SIZZLING PLATTER 6/25                  | SPLAT SUPER HOLDCO/SIZZLING PLATTER 6/25 6/25/2032                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |     32475 | PA      | $-584.55      | -0.00%            | 2032-06-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC.                                           | SABRE GLBL INC. 12/17/2027                                                           | CUSIP: 78571YBF6<br>LEI: N/A                  | Long             | LON              |  | US        |      2280 | PA      | $2154.44      | 0.00%             | 2027-12-17      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                  | UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CS 10.500000% 02/15/2028             | CUSIP: 91327TAA9<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |     97000 | PA      | $102160.40    | 0.04%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OPERATING CORPORATION                     | ENDO 1L - ESCROW FOR 6.125% 2029 NOTES ENDP 6 1/8 04/01/29 144A LIFE (ESCROW)        | CUSIP: 402635AL0<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    165000 | PA      | $0.01         | 0.00%             | 2049-12-31      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| NRG ENERGY, INC.                                          | NRG ENERGY INC 144A 6.000000% 01/15/2036                                             | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70010.05     | 0.03%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON, INC.                                         | DR HORTON INC COMMON STOCK                                                           | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               |  | US        |      6355 | NS      | $1076981.85   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! Brands, Inc.                                         | YUM! BRANDS INC 5.375000% 04/01/2032                                                 | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160600.71    | 0.07%             | 2032-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS, INC.                                 | ZAYO GROUP HOLDINGS, INC. 3/9/2027                                                   | CUSIP: 98919XAB7<br>LEI: N/A                  | Long             | LON              |  | US        |    334747 | PA      | $329518.18    | 0.14%             | 2027-03-09      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE, INC.                             | GLOBAL MEDICAL RESPONSE INC 144A 7.375000% 10/01/2032                                | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |    185000 | PA      | $190422.35    | 0.08%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Cornerstone Chemical 5/25 TL                              | Cornerstone Chemical 5/25 TL 5/7/2029                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    546844 | PA      | $546844.11    | 0.23%             | 2029-05-07      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                            | CONSTELLIUM SE COMMON STOCK                                                          | CUSIP: F21107101<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               |  | US        |    134608 | NS      | $2002967.04   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                              | BX COMMERCIAL MORTGAGE TRUST 2022-CSMO BX 2022-CSMO D                                | CUSIP: 05610MAE2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    245000 | PA      | $248062.50    | 0.10%             | 2027-06-15      | Floating      | 8.49%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                  | TREASURY BILL 0.000000% 11/20/2025                                                   | CUSIP: 912797QR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1491729.17   | 0.62%             | 2025-11-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                         | CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 144A 4.250000% 01/15/2034               | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $207495.11    | 0.09%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CORPORATE ACTION                                          | GUITAR CENTER TRANCHE I WARRANTS 22-Dec-70                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       527 | NC      | $16484.56     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                                   | PEBBLEBROOK HOTEL TRUST REIT                                                         | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               |  | US        |     93701 | NS      | $1067254.39   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN FINANCE CORP                                      | ONEMAIN FINANCE CORP 7.500000% 05/15/2031                                            | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67948.52     | 0.03%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                       | SIRIUS XM RADIO LLC 144A 3.875000% 09/01/2031                                        | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    220000 | PA      | $199382.11    | 0.08%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                      | ONEMAIN FINANCE CORP 7.125000% 11/15/2031                                            | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103698.30    | 0.04%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Eckert & Ziegler SE                                       | ECKERT & ZIEGLER SE COMMON STOCK                                                     | CUSIP: N/A<br>LEI: 391200EUDABLUKXCKG48       | Long             | EC               |  | DE        |     31740 | NS      | $666947.63    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI INC                                                   | ATI Inc COMMON STOCK                                                                 | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               |  | US        |     25356 | NS      | $2062457.04   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonova Holding AG                                         | SONOVA HOLDING AG-REG COMMON STOCK                                                   | CUSIP: N/A<br>LEI: 5299004A0QNX7FBNHS61       | Short            | EC               |  | CH        |     -4244 | NS      | $-1155345.19  | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| NAKED JUICE LLC                                           | NAKED JUICE LLC 1/24/2029                                                            | CUSIP: 62984CAM5<br>LEI: N/A                  | Long             | LON              |  | US        |    469740 | PA      | $353145.77    | 0.15%             | 2029-01-24      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| Ardagh Metal Packaging S.A.                               | ARDAGH METAL PACKAGING SA COMMON STOCK                                               | CUSIP: L02235106<br>LEI: 5493009WKQTU4FN9G032 | Long             | EC               |  | US        |    366810 | NS      | $1463571.90   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| STONEMOR INC.                                             | STONEMOR INC 144A 8.500000% 05/15/2029                                               | CUSIP: 86184WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $312763.01    | 0.13%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC.                                            | TRANSDIGM INC 144A 6.000000% 01/15/2033                                              | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    486000 | PA      | $491386.34    | 0.20%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wynn Macau, Limited                                       | WYNN MACAU LTD 144A 6.750000% 02/15/2034                                             | CUSIP: 98313RAL0<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | NUSS              | MO        |     10000 | PA      | $10137.57     | 0.00%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RUNWAY GROWTH FINANCE CORP.                               | RUNWAY GROWTH FINANCE CORP COMMON STOCK                                              | CUSIP: 78163D100<br>LEI: 254900AXR3J2N1XT0V02 | Short            | EC               |  | US        |    -48507 | NS      | $-492831.12   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                              | TENET HEALTHCARE CORP 4.375000% 01/15/2030                                           | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    170000 | PA      | $165332.77    | 0.07%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD.                                    | NABORS INDUSTRIES LTD - RESTRICTED COMMON STOCK                                      | CUSIP: G6359F137<br>LEI: N/A                  | Long             | EC               |  | US        |       797 | NS      | $32573.39     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                    | EQUIPMENTSHARE.COM INC 144A 9.000000% 05/15/2028                                     | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   2766000 | PA      | $2927044.82   | 1.21%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| GABES DELAYED DRAW TERM LOAN                              | GABES DELAYED DRAW TERM LOAN 6/16/2030                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |     70658 | PA      | $70657.89     | 0.03%             | 2030-06-16      | Floating      | 12.22%                | No            |                  2 | On Loan: No      |
| VERITIV OPERATING COMPANY                                 | VERITIV OPERATING CO 144A 10.500000% 11/30/2030                                      | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    815000 | PA      | $874680.80    | 0.36%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| N/A                                                       | TACORA RESTRUCTURE - TAKEBACK NOTE PURCHASE 19-Sep-31                                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     12316 | PA      | $12316.00     | 0.01%             | 2031-09-19      | Fixed         | 13.00%                | No            |                  3 | On Loan: No      |
| Gray Media, Inc                                           | GRAY MEDIA INC 144A 9.625000% 07/15/2032                                             | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    290000 | PA      | $296275.02    | 0.12%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY, L.P.                                      | GENESIS ENERGY LP / GENESIS ENERGY FINANCE CORP 7.875000% 05/15/2032                 | CUSIP: 37185LAQ5<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114724.91    | 0.05%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GABES TERM LOAN                                           | GABES TERM LOAN 6/16/2030                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |     85044 | PA      | $85044.41     | 0.04%             | 2030-06-16      | Floating      | 12.32%                | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP                      | LADDER CAPITAL FINANCE HOLDINGS LLLP / LADDER CAPI 4.250000% 02/01/2027              | CUSIP: 505742AM8<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84249.31     | 0.03%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MAGENTA SECURITY HOLDINGS LLC                             | MAGENTA SECURITY HOLDINGS LLC 7/27/2028                                              | CUSIP: 55909UAF6<br>LEI: N/A                  | Long             | LON              |  | US        |    473457 | PA      | $205006.73    | 0.08%             | 2028-07-27      | Floating      | 11.57%                | No            |                  2 | On Loan: No      |
| UNKNOWN                                                   | MAVENIR WARRANTS TIER 2 *                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        50 | NC      | $0.01         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES, INC.                                  | LUMEN TECHNOLOGIES INC 7.600000% 09/15/2039                                          | CUSIP: 156700AM8<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4675.00      | 0.00%             | 2039-09-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL FLAVORS & FRAGRANCES INC.                   | INTL FLAVORS & FRAGRANCES COMMON STOCK                                               | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               |  | US        |     35293 | NS      | $2171931.22   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| GENTING NEW YORK LLC                                      | GENTING NEW YORK LLC / GENNY CAPITAL INC 144A 7.250000% 10/01/2029                   | CUSIP: 37255JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $129120.13    | 0.05%             | 2029-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ACPRODUCTS HOLDINGS INC                                   | ACPRODUCTS HOLDINGS INC 5/17/2028                                                    | CUSIP: 00488YAB2<br>LEI: N/A                  | Long             | LON              |  | US        |    175052 | PA      | $145730.40    | 0.06%             | 2028-05-17      | Floating      | 8.51%                 | No            |                  2 | On Loan: No      |
| OBRA CAPITAL, INC.                                        | OBRA CAPITAL, INC. 6/21/2029                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |      6770 | PA      | $-113.74      | -0.00%            | 2029-06-21      | Floating      | 0.50%                 | No            |                  3 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                  | SERVICE PROPERTIES TRUST 144A ZERO COUPON 09/30/2027                                 | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22038.26     | 0.01%             | 2027-09-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS COMPANY.                                  | SONOCO PRODUCTS CO COMMON STOCK                                                      | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               |  | US        |      2099 | NS      | $90445.91     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORPORATION                               | DECKERS OUTDOOR CORP COMMON STOCK                                                    | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Short            | EC               |  | US        |     -3545 | NS      | $-359356.65   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| BLUE BIRD CORPORATION                                     | BLUE BIRD CORP COMMON STOCK                                                          | CUSIP: N/A<br>LEI: 5493004ZXJUUWQ65ER59       | Short            | EC               |  | US        |     -4528 | NS      | $-260586.40   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors N.V.                                   | NXP SEMICONDUCTORS NV COMMON STOCK                                                   | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               |  | US        |      4705 | NS      | $1071469.65   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| DELIVERY HERO SE                                          | DELIVERY HERO SE 12/12/2029                                                          | CUSIP: D2007ZAE7<br>LEI: N/A                  | Long             | LON              |  | US        |    133142 | PA      | $134473.85    | 0.06%             | 2029-12-12      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| SAN JUAN BASIN ROYALTY TRUST                              | SAN JUAN BASIN ROYALTY TR COMMON STOCK                                               | CUSIP: 798241105<br>LEI: N/A                  | Long             | EC               |  | US        |    168427 | NS      | $1017299.08   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| STWD MORTGAGE TRUST                                       | STWD 2021-FL2 LTD STWD 2021-FL2 E                                                    | CUSIP: 78486BAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99749.60     | 0.04%             | 2038-04-18      | Floating      | 7.80%                 | Yes           |                  2 | On Loan: No      |
| STANDARDAERO, INC.                                        | STANDARDAERO INC COMMON STOCK                                                        | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               |  | US        |     66684 | NS      | $1819806.36   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRE GLBL INC.                                           | SABRE GLBL INC. 6/30/2028                                                            | CUSIP: 78571YBH2<br>LEI: N/A                  | Long             | LON              |  | US        |     12483 | PA      | $11598.58     | 0.00%             | 2028-06-30      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| CPI CG INC.                                               | CPI CG INC 144A 10.000000% 07/15/2029                                                | CUSIP: 12598FAC3<br>LEI: 254900H3R50WH1B1LB48 | Long             | DBT              | CORP              | US        |    143000 | PA      | $149937.10    | 0.06%             | 2029-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PETSMART LLC                                              | PETSMART LLC / PETSMART FINANCE CORP 144A 7.500000% 09/15/2032                       | CUSIP: 71677KAC2<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |    856000 | PA      | $857272.26    | 0.36%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUSTRIES, INC.                       | HUNTINGTON INGALLS INDUSTRIE COMMON STOCK                                            | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               |  | US        |      3949 | NS      | $1136956.59   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| McGraw-Hill Education, Inc.                               | MCGRAW-HILL EDUCATION INC 144A 5.750000% 08/01/2028                                  | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39976.50     | 0.02%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Nidda Healthcare Holding GmbH                             | NIDDA HEALTHCARE HOLDING GMBH 144A VARIABLE RATE 10/23/2030                          | CUSIP: YU3428460<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | NUSS              | DE        |    100000 | PA      | $117710.81    | 0.05%             | 2030-10-23      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| FINANCE OF AMERICA FUNDING LLC                            | FINANCE OF AMERICA FUNDING LLC 144A 10.000000% 11/30/2029                            | CUSIP: 317386AD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    291000 | PA      | $354787.84    | 0.15%             | 2029-11-30      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Uniti Group TL B S+400 9/24/32                            | Uniti Group TL B S+400 9/24/32 9/24/2032                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    185000 | PA      | $183150.00    | 0.08%             | 2032-09-24      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES UTICA HOLDINGS, LLC                      | ASCENT RESOURCES UTICA HOLDINGS LLC / ARU FINANCE 9.000000% 11/01/2027               | CUSIP: 04364VAK9<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | DBT              | CORP              | US        |    632000 | PA      | $763550.80    | 0.32%             | 2027-11-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLDINGS LLC                             | FREEDOM MORTGAGE HOLDINGS LLC 144A 9.250000% 02/01/2029                              | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57869.66     | 0.02%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LIMITED                                 | MINERAL RESOURCES LTD MTN 8.500000% 05/01/2030                                       | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | NUSS              | AU        |     95000 | PA      | $98814.25     | 0.04%             | 2030-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                                | BUILDERS FIRSTSOURCE INC COMMON STOCK                                                | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               |  | US        |     13511 | NS      | $1638208.75   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ENVIRI CORPORATION                                        | ENVIRI CORP 144A 5.750000% 07/31/2027                                                | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |   1012000 | PA      | $1003791.77   | 0.42%             | 2027-07-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                         | CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 144A 4.500000% 08/15/2030               | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $151106.35    | 0.06%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| THE ALLSTATE CORPORATION                                  | ALLSTATE CORP COMMON STOCK                                                           | CUSIP: N/A<br>LEI: OBT0W1ED8G0NWVOLOJ77       | Short            | EC               |  | US        |     -1280 | NS      | $-274752.00   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| SPANISH BROADCASTING SYSTEM, INC.                         | SPANISH BROADCASTING SYSTEM INC 144A 9.750000% 03/01/2026                            | CUSIP: 846425AQ9<br>LEI: 5493005DKYB1X4C9LH64 | Long             | DBT              | CORP              | US        |    575000 | PA      | $379500.00    | 0.16%             | 2026-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| MAD ENGINE GLOBAL, LLC                                    | MAD ENGINE GLOBAL, LLC 7/15/2027                                                     | CUSIP: 55616UAB9<br>LEI: N/A                  | Long             | LON              |  | US        |    189111 | PA      | $161690.10    | 0.07%             | 2027-07-15      | Floating      | 11.56%                | No            |                  2 | On Loan: No      |
| Corporation de Securite Garda World                       | GARDA WORLD SECURITY CORP 144A 4.625000% 02/15/2027                                  | CUSIP: 36485MAK5<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | NUSS              | CA        |   4183000 | PA      | $4151262.32   | 1.72%             | 2027-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE TRUST                              | DIVERSIFIED HEALTHCARE TRUST 4.750000% 02/15/2028                                    | CUSIP: 81721MAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $19066.93     | 0.01%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| J. C. PENNEY COMPANY INC.                                 | J. C. PENNEY COMPANY INC. 6/21/2024                                                  | CUSIP: 46611NAJ2<br>LEI: N/A                  | Long             | LON              |  | US        |    368671 | PA      | $0.01         | 0.00%             | 2024-06-21      | Floating      | 5.25%                 | No            |                  3 | On Loan: No      |
| ALTICE FINANCING S.A.                                     | ALTICE FINANCING SA 144A 5.750000% 08/15/2029                                        | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | NUSS              | LU        |    115000 | PA      | $86537.50     | 0.04%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES, INC.                                 | DREAM FINDERS HOMES INC 144A 6.875000% 09/15/2030                                    | CUSIP: 26154DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    511000 | PA      | $514040.45    | 0.21%             | 2030-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NEW ALBERTSONS L.P.                                       | NEW ALBERTSONS LP 8.700000% 05/01/2030                                               | CUSIP: 013104AH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $221254.00    | 0.09%             | 2030-05-01      | Fixed         | 8.70%                 | No            |                  2 | On Loan: No      |
| PITNEY BOWES INC.                                         | PITNEY BOWES INC 144A 7.250000% 03/15/2029                                           | CUSIP: 724479AQ3<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |    185000 | PA      | $187220.56    | 0.08%             | 2029-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UNKNOWN                                                   | MAVENIR WARRANTS TIER 1 *                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        25 | NC      | $0.01         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KIMCO REALTY CORPORATION.                                 | KIMCO REALTY CORP REIT                                                               | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               |  | US        |     47008 | NS      | $1027124.80   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CAESARS ENTERTAINMENT, INC.                               | CAESARS ENTERTAINMENT INC 144A 7.000000% 02/15/2030                                  | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133718.96    | 0.06%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PAYCHEX, INC.                                             | PAYCHEX INC COMMON STOCK                                                             | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Short            | EC               |  | US        |     -2074 | NS      | $-262900.24   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| PELOTON INTERACTIVE, INC.                                 | PELOTON INTERACTIVE INC-A COMMON STOCK                                               | CUSIP: 70614W100<br>LEI: 5493002YS021166W0339 | Long             | EC               |  | US        |     16475 | NS      | $148275.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WESTERN UNION COMPANY                                 | WESTERN UNION CO COMMON STOCK                                                        | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Short            | EC               |  | US        |    -15791 | NS      | $-126170.09   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| CORPORATE ACTION                                          | GUITAR CENTER TRANCHE II WARRANTS 22-Dec-70                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       574 | NC      | $6710.06      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| UNDER ARMOUR, INC.                                        | UNDER ARMOUR INC 3.250000% 06/15/2026                                                | CUSIP: 904311AA5<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |   1781000 | PA      | $1760246.93   | 0.73%             | 2026-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | MORGAN STANLEY INSTITUTIONAL LIQUIDITY TREASURY SECURITIES PORTFOLIO                 | CUSIP: 61747C525<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    351941 | NS      | $351940.69    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| GENESIS ENERGY, L.P.                                      | GENESIS ENERGY LP / GENESIS ENERGY FINANCE CORP 8.000000% 05/15/2033                 | CUSIP: 37185LAR3<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |    120000 | PA      | $125513.88    | 0.05%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CAL-MAINE FOODS, INC.                                     | CAL-MAINE FOODS INC COMMON STOCK                                                     | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Short            | EC               |  | US        |     -5598 | NS      | $-526771.80   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Uranium Trust                             | SPROTT PHYSICAL URANIUM TR MUTUAL FUND                                               | CUSIP: 85210A104<br>LEI: N/A                  | Long             | EC               |  | CA        |     16246 | NS      | $325407.38    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NFE FINANCING LLC                                         | NFE FINANCING LLC MTN 12.000000% 11/15/2029                                          | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $66169.13     | 0.03%             | 2029-11-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| N/A                                                       | Credit Default Swap                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |   3344000 | NC      | $-255726.49   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OPERATING CORPORATION                     | RAD 7 1/2 07/01/25 144A LIFE (ESCROW)                                                | CUSIP: 402635AL0<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |     75000 | PA      | $0.01         | 0.00%             | 2025-07-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| N/A                                                       | XPLORE INC/STONEPEAK FALCON EQUITY CAD SET UP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CA        |     11575 | NS      | $132687.40    | 0.06%             |  |  |  | No            |                  3 | On Loan: No      |
| United States of America                                  | TREASURY BILL 0.000000% 11/13/2025                                                   | CUSIP: 912797QQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1990402.88   | 0.83%             | 2025-11-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LAMAR ADVERTISING COMPANY                                 | LAMAR ADVERTISING CO-A REIT                                                          | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Short            | EC               |  | US        |     -7173 | NS      | $-878118.66   | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| RADIOLOGY PARTNERS, INC.                                  | RADIOLOGY PARTNERS INC 144A 9.781000% 02/15/2030                                     | CUSIP: 75041VAC8<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |    424324 | PA      | $414962.31    | 0.17%             | 2030-02-15      | Fixed         | 9.78%                 | No            |                  2 | On Loan: No      |
| Mavenir Jr Debt FIXED 1200 7/29/30                        | Mavenir Jr Debt FIXED 1200 7/29/30 7/29/2030                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    182687 | PA      | $182686.97    | 0.08%             | 2030-07-29      | Floating      | 12.00%                | No            |                  3 | On Loan: No      |
| Sprout Social Inc                                         | SPROUT SOCIAL INC - CLASS A COMMON STOCK                                             | CUSIP: 85209W109<br>LEI: 254900QE3QH8EBRDOB65 | Short            | EC               |  | US        |    -26610 | NS      | $-343801.20   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| DIVERSIFIED HEALTHCARE TRUST                              | DIVERSIFIED HEALTHCARE TRUST 4.375000% 03/01/2031                                    | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    495000 | PA      | $437279.09    | 0.18%             | 2031-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | SANDVINE_NEWCO COMMON STOCK *                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |     16838 | NS      | $46304.50     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                   | LEVEL 3 FINANCING INC 144A 3.750000% 07/15/2029                                      | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    125000 | PA      | $106553.53    | 0.04%             | 2029-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corporation                                      | DISH DBS CORP 144A 5.750000% 12/01/2028                                              | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $158175.60    | 0.07%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| METHANEX US OPERATIONS INC.                               | METHANEX US OPERATIONS INC 144A 6.250000% 03/15/2032                                 | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $172969.56    | 0.07%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ABERCROMBIE & FITCH CO.                                   | ABERCROMBIE & FITCH CO-CL A COMMON STOCK                                             | CUSIP: N/A<br>LEI: 5493000J7LL72TOGT983       | Short            | EC               |  | US        |     -3168 | NS      | $-271022.40   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| SABRE GLBL INC.                                           | SABRE GLBL INC 144A 10.750000% 11/15/2029                                            | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9663.99      | 0.00%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| DELUXE CORPORATION                                        | DELUXE CORP 144A 8.125000% 09/15/2029                                                | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |    185000 | PA      | $193179.96    | 0.08%             | 2029-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| PINNACLE FINANCIAL PARTNERS, INC.                         | PINNACLE FINANCIAL PARTNERS COMMON STOCK                                             | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Short            | EC               |  | US        |     -5613 | NS      | $-526443.27   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| BLUE RACER MIDSTREAM, LLC                                 | BLUE RACER MIDSTREAM LLC / BLUE RACER FINANCE CORP 7.250000% 07/15/2032              | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $89391.44     | 0.04%             | 2032-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | TREASURY BILL 0.000000% 10/30/2025                                                   | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $996734.13    | 0.41%             | 2025-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                   | LEVEL 3 FINANCING INC 144A NON TSA 3.625000% 01/15/2029                              | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4327.26      | 0.00%             | 2029-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| INFOSYS LIMITED                                           | INFOSYS LTD-SP ADR DEPOSITARY RECEIPT                                                | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Short            | EC               |  | US        |    -25191 | NS      | $-409857.57   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | ZAYO GROUP HOLDINGS INC 144A 9.250000% 03/09/2030                                    | CUSIP: 98919VAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     54694 | PA      | $52369.51     | 0.02%             | 2030-03-09      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SPECTRUM GROUP BUYER, INC.                                | SPECTRUM GROUP BUYER, INC. 5/19/2028                                                 | CUSIP: 84762UAB1<br>LEI: N/A                  | Long             | LON              |  | US        |    250900 | PA      | $222151.71    | 0.09%             | 2028-05-19      | Floating      | 10.81%                | No            |                  2 | On Loan: No      |
| ENTEGRIS, INC.                                            | ENTEGRIS INC COMMON STOCK                                                            | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               |  | US        |     21744 | NS      | $2010450.24   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR, Inc.                                                 | NVR INC COMMON STOCK                                                                 | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Short            | EC               |  | US        |      -134 | NS      | $-1076644.44  | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| MINERAL RESOURCES LIMITED                                 | MINERAL RESOURCES LTD 144A 9.250000% 10/01/2028                                      | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | NUSS              | AU        |    100000 | PA      | $104780.90    | 0.04%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CASTLE US HOLDING CORPORATION                             | CASTLE US HOLDING CORPORATION 5/31/2030                                              | CUSIP: 14852DAJ0<br>LEI: N/A                  | Long             | LON              |  | US        |    193620 | PA      | $89065.07     | 0.04%             | 2030-05-31      | Floating      | 8.72%                 | No            |                  2 | On Loan: No      |
| monday.com Ltd                                            | MONDAY.COM LTD COMMON STOCK                                                          | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Short            | EC               |  | US        |     -2189 | NS      | $-423987.41   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | AUDACY CLASS A COMMON *                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |       833 | NS      | $7497.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                       | MOUNTAINEER MERGER CORP COMMON STOCK                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |    439954 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Media, Inc                                           | GRAY MEDIA INC 144A 5.375000% 11/15/2031                                             | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |      5000 | PA      | $3755.69      | 0.00%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Trivium Packaging Finance B.V.                            | TRIVIUM PACKAGING FINANCE BV 144A 12.250000% 01/15/2031                              | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | NUSS              | NL        |   1185000 | PA      | $1282574.09   | 0.53%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| LONG RIDGE ENERGY                                         | LONG RIDGE ENERGY 2/7/2032                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    159600 | PA      | $155858.98    | 0.06%             | 2032-02-19      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| KIRBY CORPORATION                                         | KIRBY CORP COMMON STOCK                                                              | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               |  | US        |     14971 | NS      | $1249329.95   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Studio City Finance Limited                               | STUDIO CITY FINANCE LTD 144A 5.000000% 01/15/2029                                    | CUSIP: 86389QAG7<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | NUSS              | MO        |    215000 | PA      | $207167.63    | 0.09%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEXGEN ENERGY LTD.                                        | NEXGEN ENERGY LTD COMMON STOCK                                                       | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               |  | US        |    129471 | NS      | $1158765.45   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAFTECH FINANCE INC.                                     | GRAFTECH FINANCE INC 144A 4.625000% 12/23/2029                                       | CUSIP: 384311AC0<br>LEI: 1Z010BU876CF2HDBIN43 | Long             | DBT              | CORP              | US        |   1185000 | PA      | $829875.14    | 0.34%             | 2029-12-23      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| EXCHANGE OFFER                                            | AUDACY SECOND LIEN WARRANT SUBJECT TO BLACK-SCHOLES PROTECTION                       | CUSIP: 05070N129<br>LEI: N/A                  | N/A              | DE               |  | US        |      1009 | NC      | $10.09        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| OMNICOM GROUP INC.                                        | OMNICOM GROUP COMMON STOCK                                                           | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Short            | EC               |  | US        |     -7690 | NS      | $-626965.70   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORPORATION.                         | CONSTELLATION ENERGY COMMON STOCK                                                    | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Short            | EC               |  | US        |     -1623 | NS      | $-534080.61   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| OSCAR ACQUISITIONCO, LLC                                  | OSCAR ACQUISITIONCO LLC / OSCAR FINANCE INC 144A 9.500000% 04/15/2030                | CUSIP: 687785AB1<br>LEI: 254900RDCZK0Q19MEL65 | Long             | DBT              | CORP              | US        |    324000 | PA      | $265309.08    | 0.11%             | 2030-04-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                      | EDISON INTERNATIONAL 5.375000% MATURITY: PERPETUAL                                   | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    165000 | PA      | $160193.54    | 0.07%             | 2174-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE, LLC                                 | WYNN RESORTS FINANCE LLC / WYNN RESORTS CAPITAL CO 6.250000% 03/15/2033              | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $15232.20     | 0.01%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Team Health 7/25 Cov-Lite TLB                             | Team Health 7/25 Cov-Lite TLB 6/23/2028                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    290000 | PA      | $289214.10    | 0.12%             | 2028-06-23      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| RESMED INC.                                               | RESMED INC COMMON STOCK                                                              | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Short            | EC               |  | US        |     -2951 | NS      | $-807777.23   | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| BOYD GAMING CORPORATION                                   | BOYD GAMING CORP 4.750000% 12/01/2027                                                | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   2055000 | PA      | $2043205.12   | 0.85%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | RITE AID - TAKEBACK EQUITY RECEIVED FOR 7.5% 2025 *                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |       381 | NS      | $3.81         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HENRY SCHEIN, INC.                                        | HENRY SCHEIN INC COMMON STOCK                                                        | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               |  | US        |     12532 | NS      | $831748.84    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | LANNETT COMMON STOCK *                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |     15243 | NS      | $158679.63    | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| ADVANCE AUTO PARTS, INC.                                  | ADVANCE AUTO PARTS INC COMMON STOCK                                                  | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Short            | EC               |  | US        |     -4638 | NS      | $-284773.20   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| EVERCORE INC.                                             | EVERCORE INC - A COMMON STOCK                                                        | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               |  | US        |      3799 | NS      | $1281478.68   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BEASLEY BROADCAST GROUP, INC.                             | BEASLEY BROADCAST GRP INC -A (RESTRICTED) COMMON STOCK                               | CUSIP: N/A<br>LEI: 549300R5FEOSY86VTY76       | Long             | EC               |  | US        |       631 | NS      | $2825.92      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AKUMIN INC.                                               | AKUMIN INC 144A 8.000000% 08/01/2028                                                 | CUSIP: 01021XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $146846.21    | 0.06%             | 2028-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Digicel 7/25                                              | Digicel 7/25 7/30/2032                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    140000 | PA      | $139825.00    | 0.06%             | 2032-07-30      | Floating      | 9.49%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES, INC.                                   | CIVITAS RESOURCES INC 144A 8.625000% 11/01/2030                                      | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    135000 | PA      | $139814.71    | 0.06%             | 2030-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TOLL BROTHERS, INC.                                       | TOLL BROTHERS INC COMMON STOCK                                                       | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Short            | EC               |  | US        |     -2909 | NS      | $-401849.26   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP                      | LADDER CAPITAL FINANCE HOLDINGS LLLP / LADDER CAPI 4.750000% 06/15/2029              | CUSIP: 505742AP1<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83409.74     | 0.03%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE, INC.                                   | MOLINA HEALTHCARE INC 144A 3.875000% 11/15/2030                                      | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     60000 | PA      | $55523.14     | 0.02%             | 2030-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Transocean International Limited                          | TRANSOCEAN INTERNATIONAL LTD 144A 8.250000% 05/15/2029                               | CUSIP: 893830BY4<br>LEI: N/A                  | Long             | DBT              | NUSS              | US        |     60000 | PA      | $59151.97     | 0.02%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                   | LEVEL 3 FINANCING INC 144A 4.500000% 04/01/2030                                      | CUSIP: 527298CD3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137062.50    | 0.06%             | 2030-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | SEI DAILY INCOME TRUST GOVERNMENT FUND (#36)                                         | CUSIP: 783965593<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    682257 | NS      | $682256.90    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BEASLEY MEZZANINE HOLDINGS, LLC                           | BEASLEY MEZZANINE HOLDINGS LLC 144A 9.200000% 08/01/2028                             | CUSIP: 07403VAB5<br>LEI: 549300VK8LJV1TK18D38 | Long             | DBT              | CORP              | US        |    622000 | PA      | $236360.00    | 0.10%             | 2028-08-01      | Fixed         | 9.20%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSUER TRUST                             | MIDCAP FINANCIAL ISSUER TRUST 144A 5.625000% 01/15/2030                              | CUSIP: 59590AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $146151.05    | 0.06%             | 2030-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| RITE AID CORPORATION                                      | RITE AID CORP 15.000000% 08/30/2031                                                  | CUSIP: 767754CS1<br>LEI: 529900W353T1JY1DKT44 | Long             | DBT              | CORP              | US        |    116343 | PA      | $1163.43      | 0.00%             | 2031-08-30      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| GFL ENVIRONMENTAL INC.                                    | GFL ENVIRONMENTAL INC 144A 6.750000% 01/15/2031                                      | CUSIP: 36168QAQ7<br>LEI: N/A                  | Long             | DBT              | NUSS              | US        |    666000 | PA      | $696916.17    | 0.29%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORPORATION                                    | MCDONALD'S CORP COMMON STOCK                                                         | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Short            | EC               |  | US        |     -2784 | NS      | $-846029.76   | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| HILCORP ENERGY I, L.P.                                    | HILCORP ENERGY I LP / HILCORP FINANCE CO 144A 7.250000% 02/15/2035                   | CUSIP: 431318BG8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    145000 | PA      | $141706.57    | 0.06%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORPORATION                                 | CHESAPEAKE ENERGY CORP ESCROW 165167DB0                                              | CUSIP: 165167DB0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    170000 | PA      | $0.01         | 0.00%             | 2049-12-31      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                  | UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CS 6.500000% 02/15/2029              | CUSIP: 91327BAA8<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56348.11     | 0.02%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corporation                                      | DISH DBS CORP 7.750000% 07/01/2026                                                   | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $34665.80     | 0.01%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                         | CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 144A 4.250000% 02/01/2031               | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $115153.91    | 0.05%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | ZAYO GROUP HOLDINGS INC 144A 13.750000% 09/09/2030                                   | CUSIP: 98919VAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    228105 | PA      | $216129.49    | 0.09%             | 2030-09-09      | Fixed         | 13.75%                | No            |                  2 | On Loan: No      |
| RAIN CARBON INC.                                          | RAIN CARBON INC 144A 12.250000% 09/01/2029                                           | CUSIP: 75079LAB7<br>LEI: 25490038N6JQH7QXUK52 | Long             | DBT              | CORP              | US        |    400000 | PA      | $428347.20    | 0.18%             | 2029-09-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| BLUE RACER MIDSTREAM, LLC                                 | BLUE RACER MIDSTREAM LLC / BLUE RACER FINANCE CORP 7.000000% 07/15/2029              | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $88139.23     | 0.04%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION                                     | CMG MEDIA CORP 144A 8.875000% 06/18/2029                                             | CUSIP: 125773AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $257157.60    | 0.11%             | 2029-06-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | SEI DAILY INCOME TRUST GOVERNMENT FUND (#36)                                         | CUSIP: 783965593<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2662615 | NS      | $2662614.56   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIPLEPOINT VENTURE GROWTH BDC CORP.                      | TRIPLEPOINT VENTURE GROWTH B COMMON STOCK                                            | CUSIP: 89677Y100<br>LEI: 549300ATPBY6JIFH9Z88 | Short            | EC               |  | US        |    -33765 | NS      | $-194824.05   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | NORTH SEA NATURAL RESOURCES CONVERTIBLE BOND PHYSI *                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      5446 | PA      | $217.84       | 0.00%             | 2028-01-23      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| ACRISURE, LLC                                             | ACRISURE, LLC 11/6/2030                                                              | CUSIP: 00488PAV7<br>LEI: N/A                  | Long             | LON              |  | US        |    188737 | PA      | $188206.95    | 0.08%             | 2030-11-06      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA), INC.                      | UNITED RENTALS NORTH AMERICA INC 4.000000% 07/15/2030                                | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143474.79    | 0.06%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHAKE SHACK INC.                                          | SHAKE SHACK INC - CLASS A COMMON STOCK                                               | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               |  | US        |      2248 | NS      | $210435.28    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| RIVERS ENTERPRISE BORROWER, LLC                           | RIVERS ENTERPRISE LENDER LLC / RIVERS ENTERPRISE L 6.250000% 10/15/2030              | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    406000 | PA      | $409620.08    | 0.17%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARCTIC CANADIAN DIAMOND COMPANY LTD.                      | ARCTIC CANADIAN DIAMOND COMPANY LTD. 6/30/2026                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    169947 | PA      | $169947.12    | 0.07%             | 2026-06-30      | Floating      | 10.00%                | No            |                  3 | On Loan: No      |
| N/A                                                       | CORNERSTONE CHEMICAL CO LLC 144A 10.000000% 05/07/2029                               | CUSIP: 21925AAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    695059 | PA      | $695059.00    | 0.29%             | 2029-05-07      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| BADGER METER, INC.                                        | BADGER METER INC COMMON STOCK                                                        | CUSIP: N/A<br>LEI: 5493002JENE20OGTUG20       | Short            | EC               |  | US        |     -1498 | NS      | $-267512.84   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| RITE AID CORPORATION                                      | RITE AID CORP 144A 11.316780% 08/30/2031                                             | CUSIP: 767754CR3<br>LEI: 529900W353T1JY1DKT44 | Long             | DBT              | CORP              | US        |     40312 | PA      | $2721.06      | 0.00%             | 2031-08-30      | Fixed         | 11.32%                | No            |                  3 | On Loan: No      |
| HEALTHCARE REALTY TRUST INCORPORATED                      | HEALTHCARE REALTY TRUST INC REIT                                                     | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |     59639 | NS      | $1075291.17   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP.                                              | Vistra Corp. COMMON STOCK                                                            | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Short            | EC               |  | US        |     -2631 | NS      | $-515465.52   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC.                                     | FREEPORT-MCMORAN INC COMMON STOCK                                                    | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               |  | US        |     54082 | NS      | $2121096.04   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| UNDER ARMOUR, INC.                                        | UNDER ARMOUR INC-CLASS A COMMON STOCK                                                | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Long             | EC               |  | US        |      1044 | NS      | $5209.56      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASURION LLC                                               | ASURION LLC 9/19/2030                                                                | CUSIP: 04649VBD1<br>LEI: N/A                  | Long             | LON              |  | US        |     49028 | PA      | $48821.03     | 0.02%             | 2030-09-19      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                      | CARNIVAL CORP 144A 6.000000% 05/01/2029                                              | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | NUSS              | US        |    165000 | PA      | $167462.79    | 0.07%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Duolingo Inc                                              | DUOLINGO COMMON STOCK                                                                | CUSIP: 26603R106<br>LEI: N/A                  | Short            | EC               |  | US        |     -2841 | NS      | $-914347.44   | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC.                              | BAUSCH HEALTH COS INC 144A 4.875000% 06/01/2028                                      | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | NUSS              | US        |     95000 | PA      | $85025.00     | 0.04%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | LIBERTY INTERACTIVE LLC 3.750000% 02/15/2030                                         | CUSIP: 530715AL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    412943 | PA      | $34067.78     | 0.01%             | 2030-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TRUCK HERO, INC.                                          | TRUCK HERO, INC. 1/31/2028                                                           | CUSIP: 89778PAG2<br>LEI: N/A                  | Long             | LON              |  | US        |    182254 | PA      | $164650.19    | 0.07%             | 2028-01-31      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| REORGANIZED MOBILEUM ACQUISITIONCO LLC                    | REORGANIZED MOBILEUM ACQUISITIONCO LLC 9/11/2029                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    240647 | PA      | $218989.18    | 0.09%             | 2029-09-11      | Floating      | 10.14%                | No            |                  2 | On Loan: No      |
| KINGPIN INTERMEDIATE HOLDINGS LLC                         | KINGPIN INTERMEDIATE HOLDINGS LLC 144A 7.250000% 10/15/2032                          | CUSIP: 49579RAB4<br>LEI: 549300HRZOJTMNZCST05 | Long             | DBT              | CORP              | US        |    736000 | PA      | $699329.25    | 0.29%             | 2032-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                               | ASURION LLC 7/31/2027                                                                | CUSIP: 04649VAY6<br>LEI: N/A                  | Long             | LON              |  | US        |    168420 | PA      | $168317.51    | 0.07%             | 2027-07-31      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings, Inc.                                | WARNERMEDIA HOLDINGS INC 4.279000% 03/15/2032                                        | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     45000 | PA      | $41231.25     | 0.02%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                   | Credit Default Swap                                                                  | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DCR              |  | US        |    700000 | NC      | $-55385.51    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CENTURY ALUMINUM COMPANY                                  | CENTURY ALUMINUM COMPANY COMMON STOCK                                                | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               |  | US        |     75154 | NS      | $2206521.44   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG REAL ESTATE FINANCE ISSUER LTD                        | TRTX 2021-FL4 ISSUER LTD TRTX 2021-FL4 E                                             | CUSIP: 87276WAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99668.80     | 0.04%             | 2038-03-15      | Floating      | 8.61%                 | Yes           |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                       | FIFTH THIRD BANCORP COMMON STOCK                                                     | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Short            | EC               |  | US        |    -11672 | NS      | $-519987.60   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN RESOURCES, INC.                                  | FRANKLIN RESOURCES INC COMMON STOCK                                                  | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               |  | US        |     44172 | NS      | $1021698.36   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| INEOS FINANCE PLC                                         | INEOS FINANCE PLC 144A 7.500000% 04/15/2029                                          | CUSIP: 44984WAJ6<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | NUSS              | LU        |     80000 | PA      | $77831.79     | 0.03%             | 2029-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES, INC.                                  | LUMEN TECHNOLOGIES INC 7.650000% 03/15/2042                                          | CUSIP: 156700AT3<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    205000 | PA      | $190650.00    | 0.08%             | 2042-03-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES, INC.                         | PENNYMAC FINANCIAL SERVICES INC 144A 5.750000% 09/15/2031                            | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    235000 | PA      | $232961.41    | 0.10%             | 2031-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLICIS GROUPE S.A.                                      | PUBLICIS GROUPE COMMON STOCK                                                         | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Short            | EC               |  | FR        |     -6477 | NS      | $-621626.40   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| CSC HOLDINGS, LLC                                         | CSC HOLDINGS LLC 144A 6.500000% 02/01/2029                                           | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    110000 | PA      | $81298.30     | 0.03%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AUTOLIV, INC.                                             | AUTOLIV INC COMMON STOCK                                                             | CUSIP: N/A<br>LEI: A23RUXWKASG834LTMK28       | Short            | EC               |  | US        |     -9774 | NS      | $-1207089.00  | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| ROUTE 66 DEVELOPMENT AUTHORITY                            | ROUTE 66 DEVELOPMENT AUTHORITY 10-Oct-30                                             | CUSIP: 77929HAB4<br>LEI: N/A                  | Long             | LON              |  | US        |    173815 | PA      | $172945.71    | 0.07%             | 2030-10-10      | Floating      | 13.32%                | No            |                  3 | On Loan: No      |
| N/A                                                       | SEI DAILY INCOME TRUST GOVERNMENT FUND (#36)                                         | CUSIP: 783965593<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1959127 | NS      | $1959126.63   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORPORATION                                 | CHESAPEAKE ENERGY CORP ESCROW 165167DA2                                              | CUSIP: 165167DA2<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     55000 | PA      | $187.00       | 0.00%             | 2049-12-31      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC.                             | UNIVISION COMMUNICATIONS INC 144A 4.500000% 05/01/2029                               | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    175000 | PA      | $165064.74    | 0.07%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | LIBERTY INTERACTIVE LLC 4.000000% 11/15/2029                                         | CUSIP: 530715AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     54030 | PA      | $4862.72      | 0.00%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                              | TENET HEALTHCARE CORP 6.750000% 05/15/2031                                           | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15529.18     | 0.01%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | TREASURY BILL 0.000000% 11/06/2025                                                   | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1991955.00   | 0.83%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | CARESTREAM HEALTH HOLDINGS INC *                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |      5876 | NS      | $84731.92     | 0.04%             |  |  |  | No            |                  3 | On Loan: No      |
| DAVITA INC.                                               | DAVITA INC 144A 3.750000% 02/15/2031                                                 | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137384.74    | 0.06%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GRUBHUB HOLDINGS INC.                                     | GRUBHUB HOLDINGS INC 144A 13.000000% 07/31/2030                                      | CUSIP: 40010PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    451675 | PA      | $451489.70    | 0.19%             | 2030-07-31      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HOLDINGS, INC.                          | AMC ENTERTAINMENT HOLDINGS INC 144A 7.500000% 02/15/2029                             | CUSIP: 00165CBA1<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |    135000 | PA      | $116756.10    | 0.05%             | 2029-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| EXCHANGE OFFER                                            | TACORA - TAKEBACK WARRANT PURCHASE *                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3403 | NC      | $3403.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS, LLC                        | VENTURE GLOBAL CALCASIEU PASS LLC 144A 4.125000% 08/15/2031                          | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    170000 | PA      | $160454.18    | 0.07%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | MAVENIR CONVERTS FIXED 2000 12/31/25 TRS *                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    132483 | PA      | $405265.13    | 0.17%             | 2025-12-31      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| HUBBARD RADIO, LLC                                        | HUBBARD RADIO, LLC 9/30/2027                                                         | CUSIP: 44344HAK1<br>LEI: N/A                  | Long             | LON              |  | US        |    233977 | PA      | $126932.43    | 0.05%             | 2027-09-30      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| LIFESCAN GLOBAL CORPORATION                               | LIFESCAN GLOBAL CORPORATION 3/31/2027                                                | CUSIP: 53227PAR1<br>LEI: N/A                  | Long             | LON              |  | US        |     85000 | PA      | $39383.05     | 0.02%             | 2027-03-31      | Floating      | 14.73%                | No            |                  2 | On Loan: No      |
| N/A                                                       | ENVISION HEALTHCARE CORP EQUITY A/C # 0000010468 (SIIT-OPP)                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |     28581 | NS      | $450150.75    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | AQUITY HOLDINGS INC SERVCO EQUITY (ESCROW) *                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |      3945 | NS      | $602.40       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TPG REAL ESTATE FINANCE ISSUER LTD                        | TRTX 2021-FL4 ISSUER LTD TRTX 2021-FL4 D                                             | CUSIP: 87276WAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99664.60     | 0.04%             | 2038-03-15      | Floating      | 7.86%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS, LLC                               | AXALTA COATING SYSTEMS LLC 144A 3.375000% 02/15/2029                                 | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142110.65    | 0.06%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN EAGLE OUTFITTERS, INC.                           | AMERICAN EAGLE OUTFITTERS COMMON STOCK                                               | CUSIP: N/A<br>LEI: 5299001Z9HXK01DHW793       | Short            | EC               |  | US        |    -15295 | NS      | $-261697.45   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| INNOPHOS HOLDINGS, INC.                                   | INNOPHOS HOLDINGS INC 144A 11.500000% 06/15/2029                                     | CUSIP: 45774NAD0<br>LEI: XQ0331QX53IRX25OY417 | Long             | DBT              | CORP              | US        |    420000 | PA      | $412258.72    | 0.17%             | 2029-06-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INCORPORATED                                | IRON MOUNTAIN INC 144A 4.875000% 09/15/2027                                          | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    815000 | PA      | $811080.50    | 0.34%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SHELF DRILLING HOLDINGS, LTD.                             | SHELF DRILLING HOLDINGS LTD 144A 9.625000% 04/15/2029                                | CUSIP: 822538AH7<br>LEI: 54930078ZJ3XP4MRYB68 | Long             | DBT              | NUSS              | AE        |     55000 | PA      | $57693.58     | 0.02%             | 2029-04-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| RED ROCK RESORTS, INC.                                    | RED ROCK RESORTS INC-CLASS A COMMON STOCK                                            | CUSIP: 75700L108<br>LEI: N/A                  | Short            | EC               |  | US        |     -8630 | NS      | $-526947.80   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                  | SERVICE PROPERTIES TRUST 4.375000% 02/15/2030                                        | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    260000 | PA      | $220995.47    | 0.09%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC                                              | PETSMART LLC / PETSMART FINANCE CORP 144A 10.000000% 09/15/2033                      | CUSIP: 71677KAD0<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |    508000 | PA      | $512652.41    | 0.21%             | 2033-09-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                                       | SILVER AIRWAYS LLC 31-Dec-27                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    852592 | PA      | $0.01         | 0.00%             | 2027-12-31      | Fixed         | 16.00%                | No            |                  3 | On Loan: No      |
| Baffinland Iron Mines Corporation                         | BAFFINLAND IRON MINES CORP / BAFFINLAND IRON MINES 8.750000% 07/15/2026              | CUSIP: 056623AA9<br>LEI: N/A                  | Long             | DBT              | NUSS              | CA        |    460000 | PA      | $426659.50    | 0.18%             | 2026-07-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE, LLC                                 | WYNN RESORTS FINANCE LLC / WYNN RESORTS CAPITAL CO 7.125000% 02/15/2031              | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $161451.86    | 0.07%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CORPORATE ACTION                                          | GUITAR CENTER TRANCHE III WARRANTS 22-Dec-70                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        47 | NC      | $549.43       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                             | GOLDMAN SACHS GROUP INC COMMON STOCK                                                 | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Short            | EC               |  | US        |     -1370 | NS      | $-1090999.50  | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| EMERGENT BIOSOLUTIONS INC.                                | EMERGENT BIOSOLUTIONS INC 144A 3.875000% 08/15/2028                                  | CUSIP: 29089QAC9<br>LEI: 549300YW6TUOX8BE5103 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $896927.01    | 0.37%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORPORATION                                       | NAVIENT CORP 5.500000% 03/15/2029                                                    | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58818.61     | 0.02%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LIFESCAN GLOBAL CORPORATION                               | LIFESCAN GLOBAL CORPORATION 31-Dec-26                                                | CUSIP: 53227PAP5<br>LEI: N/A                  | Long             | LON              |  | US        |    764639 | PA      | $730229.93    | 0.30%             | 2026-12-31      | Floating      | 10.80%                | No            |                  2 | On Loan: No      |
| LIBBEY GLASS LLC                                          | LIBBEY GLASS LLC 22-Nov-27                                                           | CUSIP: 52989XAC7<br>LEI: N/A                  | Long             | LON              |  | US        |    439251 | PA      | $422119.82    | 0.17%             | 2027-11-22      | Floating      | 10.96%                | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES, INC.                                  | LUMEN TECHNOLOGIES INC 144A 4.125000% 04/15/2030                                     | CUSIP: 550241AC7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    118504 | PA      | $116133.92    | 0.05%             | 2030-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DOMTAR CORPORATION                                        | DOMTAR CORP 144A 6.750000% 10/01/2028                                                | CUSIP: 70478JAA2<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | DBT              | CORP              | US        |    350000 | PA      | $301676.80    | 0.13%             | 2028-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | XPLORE INC/STONEPEAK FALCON CVR *                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |       869 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| RITE AID CORPORATION                                      | RITE AID CORP 15.000000% 08/30/2031                                                  | CUSIP: 767754CT9<br>LEI: 529900W353T1JY1DKT44 | Long             | DBT              | CORP              | US        |     55129 | PA      | $4410.32      | 0.00%             | 2031-08-30      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| N/A                                                       | MERGER FUND-I MUTUAL FUND                                                            | CUSIP: 589509207<br>LEI: N/A                  | Long             | EC               |  | US        |   2692445 | NS      | $48625556.18  | 20.16%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | GUITAR CENTER NEW COMMON SHARES *                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |      2167 | NS      | $177043.90    | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| WYNN LAS VEGAS, LLC                                       | WYNN LAS VEGAS LLC / WYNN LAS VEGAS CAPITAL CORP 1 5.250000% 05/15/2027              | CUSIP: 983130AX3<br>LEI: 2549002X45DR4UI7NA62 | Long             | DBT              | CORP              | US        |   2303000 | PA      | $2300544.50   | 0.95%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DR HORTON INC                                             | DR HORTON INC COMMON STOCK                                                           | CUSIP: 23331A109<br>LEI: N/A                  | Short            | EC               |  | US        |     -2393 | NS      | $-405541.71   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY, INC.                                          | NRG ENERGY INC 144A 5.750000% 01/15/2034                                             | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29969.38     | 0.01%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                  | UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CA 6.000000% 01/15/2030              | CUSIP: 91327AAB8<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |     80000 | PA      | $72432.46     | 0.03%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corporation                                      | DISH DBS CORP 5.125000% 06/01/2029                                                   | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $17103.40     | 0.01%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | SYNIVERSE PREFERRED STOCK RESTRICTED *                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               |  | US        |    632618 | NS      | $621863.30    | 0.26%             |  |  |  | No            |                  3 | On Loan: No      |
| LBM ACQUISITION, LLC                                      | LBM ACQUISITION LLC 144A 9.500000% 06/15/2031                                        | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73557.31     | 0.03%             | 2031-06-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| OID-OL Intermediate I 5/25 TL2                            | OID-OL Intermediate I 5/25 TL2 2/1/2029                                              | CUSIP: 67089SAD3<br>LEI: N/A                  | Long             | LON              |  | US        |    237979 | PA      | $198762.82    | 0.08%             | 2029-02-01      | Floating      | 8.71%                 | No            |                  2 | On Loan: No      |
| LONG RIDGE ENERGY LLC                                     | LONG RIDGE ENERGY LLC 144A 8.750000% 02/15/2032                                      | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |    542000 | PA      | $557126.20    | 0.23%             | 2032-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER, LP                                      | MEDLINE BORROWER LP 144A 3.875000% 04/01/2029                                        | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    130000 | PA      | $125377.72    | 0.05%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AETHON UNITED BR LP                                       | AETHON UNITED BR LP / AETHON UNITED FINANCE CORP 1 7.500000% 10/01/2029              | CUSIP: 00810GAD6<br>LEI: 5493007HPG2M9K9X5V41 | Long             | DBT              | CORP              | US        |   2182000 | PA      | $2275599.07   | 0.94%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO.                                    | SOUTHWEST AIRLINES CO COMMON STOCK                                                   | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               |  | US        |     32672 | NS      | $1042563.52   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| WARHORSE GAMING, LLC                                      | WARHORSE GAMING, LLC 28-Jun-28                                                       | CUSIP: 93427EAB5<br>LEI: N/A                  | Long             | LON              |  | US        |    205094 | PA      | $212271.96    | 0.09%             | 2028-06-28      | Floating      | 13.46%                | No            |                  3 | On Loan: No      |
| DISH DBS Corporation                                      | DISH DBS CORP 144A 5.250000% 12/01/2026                                              | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $63868.63     | 0.03%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                                     | FX Forward Contract: USD/EUR SETTLE 2025-10-16                                       | CUSIP: N/A<br>LEI: 213800IQAOC5HG62T347       | N/A              | DFE              |  | US        |         1 | NC      | $-64.94       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Energizer Holdings, Inc.                                  | ENERGIZER HOLDINGS INC COMMON STOCK                                                  | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               |  | US        |     40764 | NS      | $1014615.96   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| URANIUM ENERGY CORP.                                      | URANIUM ENERGY CORP COMMON STOCK                                                     | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               |  | US        |     68988 | NS      | $920299.92    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CARESTREAM HEALTH, INC.                                   | CARESTREAM HEALTH, INC. 9/30/2027                                                    | CUSIP: 14173VAT0<br>LEI: N/A                  | Long             | LON              |  | US        |    691953 | PA      | $344246.39    | 0.14%             | 2027-09-30      | Floating      | 11.60%                | No            |                  2 | On Loan: No      |
| N/A                                                       | SEI DAILY INCOME TRUST GOVERNMENT FUND (#36)                                         | CUSIP: 783965593<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3575282 | NS      | $3575281.84   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | MOUNTAIN PROVINCE DIAMONDS INC 144A 9.000000% 12/15/2027                             | CUSIP: 62426EAB1<br>LEI: N/A                  | Long             | DBT              | NUSS              | CA        |    223000 | PA      | $201592.00    | 0.08%             | 2027-12-15      | Fixed         | 9.00%                 | No            |                  3 | On Loan: No      |
| PHINIA INC.                                               | PHINIA INC COMMON STOCK                                                              | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Short            | EC               |  | US        |    -20482 | NS      | $-1177305.36  | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING, LLC                     | CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COM 6.550000% 06/01/2034              | CUSIP: 161175CR3<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    120000 | PA      | $127886.00    | 0.05%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORPORATION                               | JETBLUE AIRWAYS CORP / JETBLUE LOYALTY LP 144A 9.875000% 09/20/2031                  | CUSIP: 476920AA1<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | NUSS              | US        |    910000 | PA      | $922987.52    | 0.38%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| EPIC HEALTH 9/25 COV-LITE TLB                             | EPIC HEALTH 9/25 COV-LITE TLB 9/10/2032                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    120000 | PA      | $119850.00    | 0.05%             | 2032-09-10      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OPERATING CORPORATION                     | ENDO PHARMACEUTICALS ESCROW ENDP 7 1/2 04/01/27 144A LIFE (ESCROW)                   | CUSIP: 402635AL0<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |     85000 | PA      | $0.01         | 0.00%             | 2027-04-01      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| RADIOLOGY PARTNERS, INC.                                  | RADIOLOGY PARTNERS INC 144A 8.500000% 07/15/2032                                     | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |    185000 | PA      | $191444.70    | 0.08%             | 2032-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| EMBECTA CORP.                                             | EMBECTA CORP 144A 6.750000% 02/15/2030                                               | CUSIP: 29082KAB1<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |    155000 | PA      | $151125.00    | 0.06%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LIBERTY INTERACTIVE LLC                                   | LIBERTY INTERACTIVE LLC 8.250000% 02/01/2030                                         | CUSIP: 530715AJ0<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |    430000 | PA      | $58050.00     | 0.02%             | 2030-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY PARTNERS, LLC                     | HOWARD MIDSTREAM ENERGY PARTNERS LLC 144A 7.375000% 07/15/2032                       | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $129753.13    | 0.05%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD.                               | FIRST QUANTUM MINERALS LTD 144A 8.625000% 06/01/2031                                 | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | NUSS              | ZM        |    150000 | PA      | $157614.45    | 0.07%             | 2031-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| WELLFUL INC.                                              | WELLFUL INC. 19-Oct-30                                                               | CUSIP: 94950EAG7<br>LEI: N/A                  | Long             | LON              |  | US        |    390797 | PA      | $349274.39    | 0.14%             | 2030-10-19      | Floating      | 10.53%                | No            |                  2 | On Loan: No      |
| YELP INC.                                                 | YELP INC COMMON STOCK                                                                | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Short            | EC               |  | US        |    -10731 | NS      | $-334807.20   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                                  | TREASURY BILL 0.000000% 10/28/2025                                                   | CUSIP: 912797RE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1993933.10   | 0.83%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES L.P.                                    | ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE C 9.000000% 06/15/2030              | CUSIP: 451102CJ4<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    310000 | PA      | $298907.49    | 0.12%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| VISHAY INTERTECHNOLOGY, INC.                              | VISHAY INTERTECHNOLOGY INC COMMON STOCK                                              | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               |  | US        |    127969 | NS      | $1957925.70   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Transocean International Limited                          | TRANSOCEAN INTERNATIONAL LTD 144A 8.000000% 02/01/2027                               | CUSIP: 893830BL2<br>LEI: N/A                  | Long             | DBT              | NUSS              | US        |    406000 | PA      | $405435.52    | 0.17%             | 2027-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MUVICO, LLC                                               | MUVICO LLC 144A 15.000000% 02/19/2029                                                | CUSIP: 62844JAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    422000 | PA      | $457642.12    | 0.19%             | 2029-02-19      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| JACOBS ENTERTAINMENT, INC.                                | JACOBS ENTERTAINMENT INC 144A 6.750000% 02/15/2029                                   | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |    165000 | PA      | $161074.65    | 0.07%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                            | OPAL BIDCO SAS 28-Apr-32                                                             | CUSIP: F7000QAB7<br>LEI: N/A                  | Long             | LON              |  | US        |    240000 | PA      | $240480.00    | 0.10%             | 2032-04-28      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| MATRIX PARENT, INC.                                       | MATRIX PARENT INC *                                                                  | CUSIP: N/A<br>LEI: 2549009K043518TH7A68       | Long             | EC               |  | US        |     10548 | NS      | $129213.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| TRAVELPORT FINANCE (LUXEMBOURG) S.A.R.L.                  | TRAVELPORT FINANCE (LUXEMBOURG) S.A.R.L. 9/30/2028                                   | CUSIP: L9308UAU4<br>LEI: N/A                  | Long             | LON              |  | US        |    211105 | PA      | $175955.85    | 0.07%             | 2028-09-30      | Floating      | 12.18%                | No            |                  2 | On Loan: No      |
| THE MICHAELS COMPANIES, INC.                              | MICHAELS COS INC/THE 144A 7.875000% 05/01/2029                                       | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    838000 | PA      | $699730.00    | 0.29%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TRINSEO MATERIALS OPERATING S.C.A.                        | TRINSEO MATERIALS OPERATING S.C.A. 5/3/2028                                          | CUSIP: L9339LAK9<br>LEI: N/A                  | Long             | LON              |  | US        |    132408 | PA      | $37934.98     | 0.02%             | 2028-05-03      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| PETSMART INC TL B                                         | PETSMART INC TL B 8/9/2032                                                           | CUSIP: 71677HAN5<br>LEI: N/A                  | Long             | LON              |  | US        |    104604 | PA      | $102970.35    | 0.04%             | 2032-08-09      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OPERATING CORPORATION                     | GULFPORT ENERGY OPERATING CORP 144A 6.750000% 09/01/2029                             | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |   1946000 | PA      | $1996972.67   | 0.83%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                   | Credit Default Swap                                                                  | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DCR              |  | US        |    900000 | NC      | $-71209.94    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS, INC.                                   | BATH & BODY WORKS INC 6.750000% 07/01/2036                                           | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    155000 | PA      | $159503.06    | 0.07%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| XPLORE INC.                                               | XPLORE INC. 24-Oct-29                                                                | CUSIP: C9875EAB5<br>LEI: N/A                  | Long             | LON              |  | US        |     62022 | PA      | $58300.39     | 0.02%             | 2029-10-24      | Floating      | 9.28%                 | No            |                  2 | On Loan: No      |
| XPLORE INC.                                               | XPLORE INC. 24-Oct-31                                                                | CUSIP: C9875EAC3<br>LEI: N/A                  | Long             | LON              |  | US        |    205342 | PA      | $140316.58    | 0.06%             | 2031-10-24      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Unity Software Inc                                        | UNITY SOFTWARE INC COMMON STOCK                                                      | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               |  | US        |     20191 | NS      | $808447.64    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| PITNEY BOWES INC.                                         | PITNEY BOWES INC 144A 6.875000% 03/15/2027                                           | CUSIP: 724479AP5<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |   1194000 | PA      | $1193054.35   | 0.49%             | 2027-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORPORATION                                   | BOYD GAMING CORP COMMON STOCK                                                        | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Short            | EC               |  | US        |    -12527 | NS      | $-1082959.15  | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                                        | NVIDIA CORP COMMON STOCK                                                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Short            | EC               |  | US        |     -1535 | NS      | $-286400.30   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| VIATRIS INC.                                              | VIATRIS INC COMMON STOCK                                                             | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               |  | US        |     54932 | NS      | $543826.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | AVAYA INC (1145 SHARES) *                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |     13045 | NS      | $135889.77    | 0.06%             |  |  |  | No            |                  3 | On Loan: No      |
| FORTREA HOLDINGS INC.                                     | FORTREA HOLDINGS INC 144A 7.500000% 07/01/2030                                       | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |     85000 | PA      | $80489.93     | 0.03%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AUTOMATIC DATA PROCESSING, INC.                           | AUTOMATIC DATA PROCESSING COMMON STOCK                                               | CUSIP: N/A<br>LEI: HGBOLILQXWER4SAL2I23       | Short            | EC               |  | US        |     -2744 | NS      | $-805364.00   | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Transocean International Limited                          | TRANSOCEAN INTERNATIONAL LTD 144A 8.500000% 05/15/2031                               | CUSIP: 893830BZ1<br>LEI: N/A                  | Long             | DBT              | NUSS              | US        |    120000 | PA      | $117603.68    | 0.05%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| QVC GROUP, INC.                                           | QVC GROUP INC COMMON STOCK                                                           | CUSIP: 74915M605<br>LEI: 549300PSXEKU4PHLCR04 | Long             | EC               |  | US        |      1254 | NS      | $16916.46     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FRONTIER GROUP HOLDINGS, INC.                             | FRONTIER GROUP HOLDINGS INC COMMON STOCK                                             | CUSIP: 35909R108<br>LEI: 549300DT3Y2BHO6G7T02 | Short            | EC               |  | US        |    -31668 | NS      | $-139814.22   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Gray Media, Inc                                           | GRAY MEDIA INC 144A 4.750000% 10/15/2030                                             | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    250000 | PA      | $191562.50    | 0.08%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Air Medical 9/25 TLB                                      | Air Medical 9/25 TLB 9/11/2032                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    275000 | PA      | $275013.75    | 0.11%             | 2032-09-11      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| MAX US BIDCO INC.                                         | MAX US BIDCO INC. 10/2/2030                                                          | CUSIP: 57778YAB1<br>LEI: N/A                  | Long             | LON              |  | US        |    237060 | PA      | $230863.33    | 0.10%             | 2030-10-02      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| PETCO HEALTH AND WELLNESS COMPANY, INC.                   | PETCO HEALTH AND WELLNESS CO COMMON STOCK                                            | CUSIP: 71601V105<br>LEI: 2549007TYGV6RVSE9M61 | Long             | EC               |  | US        |     15323 | NS      | $59300.01     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VICTORIA'S SECRET & CO.                                   | VICTORIA'S SECRET & CO 144A 4.625000% 07/15/2029                                     | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |    175000 | PA      | $167045.83    | 0.07%             | 2029-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LKQ CORPORATION                                           | LKQ CORP COMMON STOCK                                                                | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               |  | US        |     96161 | NS      | $2936756.94   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVIENT CORPORATION                                       | NAVIENT CORP MTN 5.625000% 08/01/2033                                                | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    130000 | PA      | $118603.62    | 0.05%             | 2033-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| THE MICHAELS COMPANIES, INC.                              | MICHAELS COS INC/THE 144A 5.250000% 05/01/2028                                       | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   1705000 | PA      | $1569297.24   | 0.65%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wynn Macau, Limited                                       | WYNN MACAU LTD 144A 5.125000% 12/15/2029                                             | CUSIP: 98313RAE6<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | NUSS              | MO        |    165000 | PA      | $161903.78    | 0.07%             | 2029-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MAGENTA SECURITY HOLDINGS LLC                             | MAGENTA SECURITY HOLDINGS LLC 7/27/2028                                              | CUSIP: 55909UAE9<br>LEI: N/A                  | Long             | LON              |  | US        |    172191 | PA      | $140669.51    | 0.06%             | 2028-07-27      | Floating      | 11.32%                | No            |                  2 | On Loan: No      |
| ROCKET COMPANIES, INC.                                    | ROCKET COS INC-CLASS A COMMON STOCK                                                  | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               |  | US        |    111267 | NS      | $2156354.46   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | Credit Default Swap                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |  20135000 | NC      | $-454235.00   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC.                                    | GFL ENVIRONMENTAL INC 144A 3.500000% 09/01/2028                                      | CUSIP: 36168QAM6<br>LEI: N/A                  | Long             | DBT              | NUSS              | US        |    512000 | PA      | $499401.32    | 0.21%             | 2028-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE, INC.                                     | ROCKET SOFTWARE INC 144A 9.000000% 11/28/2028                                        | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |   2515000 | PA      | $2592517.33   | 1.07%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                    | SPDR S&P 500 ETF TRUST MUTUAL FUND                                                   | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Short            | EC               | RF                | US        |     -4083 | NS      | $-2720012.94  | -1.13%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW FORTRESS ENERGY INC.                                  | NEW FORTRESS ENERGY INC 144A 8.750000% 03/15/2029                                    | CUSIP: 644393AC4<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |    275000 | PA      | $41250.00     | 0.02%             | 2029-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| EVERUS CONSTRUCTION GROUP, INC.                           | EVERUS CONSTRUCTION GROUP COMMON STOCK                                               | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               |  | US        |     24838 | NS      | $2129858.50   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC.                              | BAUSCH HEALTH COS INC 144A 5.000000% 01/30/2028                                      | CUSIP: 071734AH0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | NUSS              | US        |     55000 | PA      | $47198.80     | 0.02%             | 2028-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | CORNERSTONE CHEMICAL CO EQUITY *                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |     26482 | NS      | $508586.81    | 0.21%             |  |  |  | No            |                  3 | On Loan: No      |
| LCPR Senior Secured Financing Designated Activity Company | LCPR SENIOR SECURED FINANCING DAC 144A 6.750000% 10/15/2027                          | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | NUSS              | PR        |    125000 | PA      | $74845.59     | 0.03%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHEEVER ESCROW ISSUER, LLC                                | OLYMPUS WATER US HOLDING CORP 144A 7.125000% 10/01/2027                              | CUSIP: 16308NAA2<br>LEI: 254900JRWEYCJ9Z3ZP06 | Long             | DBT              | CORP              | US        |   1047000 | PA      | $1065581.55   | 0.44%             | 2027-10-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Hudbay Minerals Inc.                                      | HUDBAY MINERALS INC COMMON STOCK                                                     | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               |  | US        |    144282 | NS      | $2187315.12   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| DIRECTV FINANCING, LLC                                    | DIRECTV FINANCING LLC 144A 8.875000% 02/01/2030                                      | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $108649.34    | 0.05%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES, INC.                           | HUDSON PACIFIC PROPERTIES IN REIT                                                    | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               |  | US        |    382904 | NS      | $1056815.04   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MIDCAP FINANCIAL ISSUER TRUST                             | MIDCAP FINANCIAL ISSUER TRUST 144A 6.500000% 05/01/2028                              | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $39726.04     | 0.02%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings, Inc.                                | WARNERMEDIA HOLDINGS INC 5.050000% 03/15/2042                                        | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     55000 | PA      | $43907.60     | 0.02%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | NSNR 0 01/22/2028 BM3 *                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     14916 | PA      | $596.64       | 0.00%             | 2028-01-23      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| Signet Jewelers Limited                                   | SIGNET JEWELERS LTD COMMON STOCK                                                     | CUSIP: G81276100<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               |  | US        |      6058 | NS      | $581083.36    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| WarnerMedia Holdings, Inc.                                | WARNERMEDIA HOLDINGS INC 4.054000% 03/15/2029                                        | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38600.00     | 0.02%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ALCOA CORPORATION                                         | ALCOA CORP COMMON STOCK                                                              | CUSIP: N/A<br>LEI: 549300T12EZ1F6PWWU29       | Long             | EC               |  | US        |     61347 | NS      | $2017702.83   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRE GLBL INC.                                           | SABRE GLBL INC. 11/15/2029                                                           | CUSIP: 78571YBK5<br>LEI: N/A                  | Long             | LON              |  | US        |     82456 | PA      | $77508.42     | 0.03%             | 2029-11-15      | Floating      | 10.42%                | No            |                  2 | On Loan: No      |
| DAVITA INC.                                               | DAVITA INC 144A 6.875000% 09/01/2032                                                 | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36156.26     | 0.01%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | INTERNATIONAL PETROLEUM CORP 7.500000% 10/10/2030                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | CA        |    203000 | PA      | $201173.00    | 0.08%             | 2030-10-10      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SWF ESCROW ISSUER CORPORATION                             | SWF HOLDINGS I CORP 144A 6.500000% 10/01/2029                                        | CUSIP: 78500AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $30400.00     | 0.01%             | 2029-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                   | NEW FORTRESS ENERGY INC 30-Oct-28                                                    | CUSIP: 64439HAC3<br>LEI: N/A                  | Long             | LON              |  | US        |     64838 | PA      | $31181.00     | 0.01%             | 2028-10-30      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | NORTH SEA NATURAL RESOURCES CONVERTIBLE BOND *                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     93667 | PA      | $3746.70      | 0.00%             | 2028-01-23      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| THE CHEMOURS COMPANY                                      | CHEMOURS CO/THE COMMON STOCK                                                         | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               |  | US        |      1640 | NS      | $25977.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CABLE ONE, INC.                                           | CABLE ONE INC 144A 4.000000% 11/15/2030                                              | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |    245000 | PA      | $207580.02    | 0.09%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGRO MICROSYSTEMS, INC                                 | ALLEGRO MICROSYSTEMS INC COMMON STOCK                                                | CUSIP: 01749D105<br>LEI: N/A                  | Short            | EC               |  | US        |    -10901 | NS      | $-318309.20   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| AVAYA INC.                                                | AVAYA INC. 8/1/2028                                                                  | CUSIP: 05349UBN1<br>LEI: N/A                  | Long             | LON              |  | US        |    577209 | PA      | $504849.95    | 0.21%             | 2028-08-01      | Floating      | 11.66%                | No            |                  2 | On Loan: No      |
| OMNICOM GROUP INC.                                        | OMNICOM GROUP COMMON STOCK                                                           | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Short            | EC               |  | US        |     -7004 | NS      | $-571036.12   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| CLEVELAND-CLIFFS INC.                                     | CLEVELAND-CLIFFS INC 144A 7.625000% 01/15/2034                                       | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30912.15     | 0.01%             | 2034-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| EXPEDITORS INTERNATIONAL OF WASHINGTON, INC               | EXPEDITORS INTL WASH INC COMMON STOCK                                                | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Short            | EC               |  | US        |     -7650 | NS      | $-937813.50   | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| LANNETT COMPANY, INC.                                     | LANNETT COMPANY, INC. 6/16/2030                                                      | CUSIP: 51602EAG9<br>LEI: N/A                  | Long             | LON              |  | US        |     70364 | PA      | $70364.29     | 0.03%             | 2030-06-16      | Floating      | 2.00%                 | No            |                  3 | On Loan: No      |
| HLF FINANCING SARL, LLC                                   | HLF FINANCING SARL LLC / HERBALIFE INTERNATIONAL I 12.250000% 04/15/2029             | CUSIP: 40390DAD7<br>LEI: 549300VKVJUV5OGV2R51 | Long             | DBT              | CORP              | US        |   1037000 | PA      | $1124936.56   | 0.47%             | 2029-04-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| SILVER AIRWAYS WARRANTS                                   | SILVER AIRWAYS WARRANTS *                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         0 | NC      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| URBAN ONE, INC.                                           | URBAN ONE INC 144A 7.375000% 02/01/2028                                              | CUSIP: 91705JAC9<br>LEI: 549300PLGIGPBRQUP240 | Long             | DBT              | CORP              | US        |    650000 | PA      | $341789.50    | 0.14%             | 2028-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC.                                     | CLEVELAND-CLIFFS INC 144A 7.000000% 03/15/2032                                       | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    205000 | PA      | $207042.83    | 0.09%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AKUMIN INC.                                               | AKUMIN INC 144A 9.000000% 08/01/2027                                                 | CUSIP: 01021XAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $494881.77    | 0.21%             | 2027-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST, INC.                             | STARWOOD PROPERTY TRUST INC 144A 3.625000% 07/15/2026                                | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    220000 | PA      | $217479.17    | 0.09%             | 2026-07-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS, LIMITED                                     | WYNN RESORTS LTD COMMON STOCK                                                        | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               |  | US        |     13147 | NS      | $1686365.69   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| STWD MORTGAGE TRUST                                       | STWD 2021-FL2 LTD STWD 2021-FL2 D                                                    | CUSIP: 78486BAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100006.30    | 0.04%             | 2038-04-18      | Floating      | 7.05%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                    | HILTON DOMESTIC OPERATING CO INC 144A 4.000000% 05/01/2031                           | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    170000 | PA      | $160859.22    | 0.07%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLFUL INC.                                              | WELLFUL INC. 4/19/2030                                                               | CUSIP: 94950EAF9<br>LEI: N/A                  | Long             | LON              |  | US        |    245588 | PA      | $243901.16    | 0.10%             | 2030-04-19      | Floating      | 9.28%                 | No            |                  2 | On Loan: No      |
| SYNIVERSE HOLDINGS, LLC                                   | SYNIVERSE HOLDINGS, LLC 5/13/2027                                                    | CUSIP: 87168TAB7<br>LEI: N/A                  | Long             | LON              |  | US        |    224729 | PA      | $217881.13    | 0.09%             | 2027-05-13      | Floating      | 11.30%                | No            |                  2 | On Loan: No      |
| ATLAS ENERGY SOLUTIONS INC.                               | ATLAS ENERGY SOLUTIONS INC COMMON STOCK                                              | CUSIP: 642045108<br>LEI: N/A                  | Long             | EC               |  | US        |     56592 | NS      | $643451.04    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | ARCTIC CANADIAN DIAMOND COMPANY *                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |       228 | NS      | $15365.31     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| GULFPORT ENERGY OPERATING CORPORATION                     | RAD 8 10/18/24 144A LIFE (ROLL UP NOTES ESCROW)                                      | CUSIP: 402635AL0<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    108138 | PA      | $0.01         | 0.00%             | 2024-10-18      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| MOLINA HEALTHCARE, INC.                                   | MOLINA HEALTHCARE INC 144A 4.375000% 06/15/2028                                      | CUSIP: 60855RAJ9<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170667.63    | 0.07%             | 2028-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP INC.                                          | UNITI GROUP INC COMMON STOCK                                                         | CUSIP: 912932100<br>LEI: N/A                  | Long             | EC               |  | US        |      6940 | NS      | $42472.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL, INC.                              | CHIPOTLE MEXICAN GRILL INC COMMON STOCK                                              | CUSIP: 169656105<br>LEI: N/A                  | Short            | EC               |  | US        |    -27509 | NS      | $-1078077.71  | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| EAST VALLEY TOURIST DEVELOPMENT AUTHORITY                 | EAST VALLEY TOURIST DEVELOPMENT AUTHORITY 11/23/2026                                 | CUSIP: 27571VAD5<br>LEI: N/A                  | Long             | LON              |  | US        |    140620 | PA      | $139213.98    | 0.06%             | 2026-11-23      | Floating      | 11.78%                | No            |                  3 | On Loan: No      |
| CASTLE US HOLDING CORPORATION                             | CASTLE US HOLDING CORPORATION 5/31/2030                                              | CUSIP: 14852DAK7<br>LEI: N/A                  | Long             | LON              |  | US        |    164212 | PA      | $73368.25     | 0.03%             | 2030-05-31      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY CORPORATION                          | CARPENTER TECHNOLOGY COMMON STOCK                                                    | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               |  | US        |      8010 | NS      | $1966775.40   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Napa Management 2/22 Cov-Lite TLB                         | Napa Management 2/22 Cov-Lite TLB 2/23/2029                                          | CUSIP: 63035HAC3<br>LEI: N/A                  | Long             | LON              |  | US        |    149325 | PA      | $98865.19     | 0.04%             | 2029-02-23      | Floating      | 9.67%                 | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                                        | VIKING CRUISES LTD 144A 5.875000% 10/15/2033                                         | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | US        |     84000 | PA      | $84058.95     | 0.03%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GRAFTECH INTERNATIONAL LTD.                               | GRAFTECH INTERNATIONAL LTD COMMON STOCK                                              | CUSIP: 384313607<br>LEI: 549300GY32W00XP57351 | Long             | EC               |  | US        |      6911 | NS      | $88599.02     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PETCO HEALTH AND WELLNESS COMPANY, INC.                   | PETCO HEALTH AND WELLNESS COMPANY, INC. 3/3/2028                                     | CUSIP: 71601HAB2<br>LEI: N/A                  | Long             | LON              |  | US        |     74436 | PA      | $72432.16     | 0.03%             | 2028-03-03      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| PARSONS CORPORATION                                       | PARSONS CORP COMMON STOCK                                                            | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               |  | US        |     28543 | NS      | $2366785.56   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BH SECURITY, LLC                                          | MONITRONICS ESCROW                                                                   | CUSIP: 609453AG0<br>LEI: SCAKOG18M6QWWML8YF46 | Long             | DBT              | CORP              | US        |    495000 | PA      | $0.01         | 0.00%             | 2020-04-01      | Fixed         | 9.12%                 | No            |                  3 | On Loan: No      |
| OBRA CAPITAL, INC.                                        | OBRA CAPITAL, INC. 6/21/2029                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    323336 | PA      | $317904.43    | 0.13%             | 2029-06-21      | Floating      | 11.70%                | No            |                  3 | On Loan: No      |
| Onespaworld Holdings Ltd                                  | ONESPAWORLD HOLDINGS LTD COMMON STOCK                                                | CUSIP: P73684113<br>LEI: 5493007W8PZ8W6UC2X76 | Short            | EC               |  | US        |    -12189 | NS      | $-257675.46   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Asana Inc                                                 | ASANA INC - CL A COMMON STOCK                                                        | CUSIP: 04342Y104<br>LEI: 254900X7UAJNMLPLZ510 | Short            | EC               |  | US        |    -28480 | NS      | $-380492.80   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| BCP V EVERISE ACQUISITION LLC                             | BCP V EVERISE ACQUISITION LLC 12/14/2029                                             | CUSIP: 05614DAG3<br>LEI: N/A                  | Long             | LON              |  | US        |    310000 | PA      | $252650.00    | 0.10%             | 2029-12-14      | Floating      | 10.44%                | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORPORATION                              | FREEDOM MORTGAGE CORP 144A 12.000000% 10/01/2028                                     | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     90000 | PA      | $95400.00     | 0.04%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OPERATING CORPORATION                     | ENDO 1L - ESCROW FOR 5.875% 2024 NOTES ENDP 5 7/8 10/15/24 144A LIFE (ESCROW)        | CUSIP: 402635AL0<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |     85000 | PA      | $0.01         | 0.00%             | 2049-12-31      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                       | GUITAR CENTER INC. NEW JUNIOR PREFERRED EQUITY *                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               |  | US        |        39 | NS      | $3654.69      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| FINANCE OF AMERICA FUNDING LLC                            | FINANCE OF AMERICA FUNDING LLC 144A 7.875000% 11/30/2026                             | CUSIP: 317386AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    388571 | PA      | $357485.32    | 0.15%             | 2026-11-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING, INC.                       | AMERICAN AXLE & MANUFACTURING INC 144A 7.750000% 10/15/2033                          | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    674000 | PA      | $679254.27    | 0.28%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | RITE AID - NOTEHOLDER TRUST RECEIVED FOR NEW MONEY 31-Dec-49                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     37984 | PA      | $3.80         | 0.00%             | 2049-12-31      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| BARCLAYS CAPITAL INC.                                     | FX Forward Contract: USD/CAD SETTLE 2025-12-18                                       | CUSIP: N/A<br>LEI: 213800IQAOC5HG62T347       | N/A              | DFE              |  | US        |         1 | NC      | $1645.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE BORROWER, LLC                           | RIVERS ENTERPRISE BORROWER LLC / RIVERS ENTERPRISE 6.625000% 02/01/2033              | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $152000.10    | 0.06%             | 2033-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS, INC.                        | CHS/COMMUNITY HEALTH SYSTEMS INC 144A 5.250000% 05/15/2030                           | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    165000 | PA      | $149266.29    | 0.06%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | TREASURY BILL 0.000000% 11/18/2025                                                   | CUSIP: 912797RP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $994680.00    | 0.41%             | 2025-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PLUTO ACQUISITION I, INC.                                 | PLUTO ACQUISITION I, INC. 9/20/2028                                                  | CUSIP: 72941DAK8<br>LEI: N/A                  | Long             | LON              |  | US        |    715776 | PA      | $526095.53    | 0.22%             | 2028-09-20      | Floating      | 8.24%                 | No            |                  2 | On Loan: No      |
| CATNAT GAME TL                                            | CATNAT GAME TL 12/16/2031                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    165000 | PA      | $168506.25    | 0.07%             | 2032-03-29      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| PENN Entertainment, Inc.                                  | PENN ENTERTAINMENT INC COMMON STOCK                                                  | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               |  | US        |     56752 | NS      | $1093043.52   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | AVAYA INC (144A SHARES) *                                                            | CUSIP: 05351X309<br>LEI: N/A                  | Long             | EC               |  | US        |      1950 | NS      | $20313.15     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| THE GEO GROUP, INC.                                       | GEO GROUP INC/THE COMMON STOCK                                                       | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               |  | US        |      9962 | NS      | $204121.38    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MELROSE INDUSTRIES PLC                                    | MELROSE INDUSTRIES PLC COMMON STOCK                                                  | CUSIP: N/A<br>LEI: 213800RGNXXZY2M7TR85       | Long             | EC               |  | GB        |    247158 | NS      | $2036875.07   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | MOUNTAINEER MERGER CORP (PREF A) *                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               |  | US        |    439954 | NS      | $229655.99    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                | VMED O2 UK FINANCING I PLC 144A 4.250000% 01/31/2031                                 | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | NUSS              | GB        |    170000 | PA      | $157618.16    | 0.07%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BRK - JPMORGAN                                            | BRK - JPMORGAN REF: IBOXX USD LIQUID HY INDEX                                        | CUSIP: TRS841326<br>LEI: N/A                  | N/A              | DE               |  | US        |    400001 | NC      | $-350.11      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TPC GROUP INC.                                            | TPC GROUP INC. 11/21/2031                                                            | CUSIP: 87266EAG0<br>LEI: N/A                  | Long             | LON              |  | US        |    222681 | PA      | $214051.67    | 0.09%             | 2031-12-16      | Floating      | 9.77%                 | No            |                  2 | On Loan: No      |
| LD HOLDINGS GROUP LLC                                     | LD HOLDINGS GROUP LLC 144A 6.125000% 04/01/2028                                      | CUSIP: 521088AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $161845.84    | 0.07%             | 2028-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NEW ALBERTSONS L.P.                                       | NEW ALBERTSONS LP 8.000000% 05/01/2031                                               | CUSIP: 013104AL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $43638.96     | 0.02%             | 2031-05-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EMPIRE RESORTS, INC.                                      | EMPIRE RESORTS INC 144A 7.750000% 11/01/2026                                         | CUSIP: 292052AF4<br>LEI: 549300WBFN23L9HI5N68 | Long             | DBT              | CORP              | US        |    165000 | PA      | $164421.76    | 0.07%             | 2026-11-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ZOOM COMMUNICATIONS, INC.                                 | ZOOM COMMUNICATIONS INC COMMON STOCK                                                 | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Short            | EC               |  | US        |     -6672 | NS      | $-550440.00   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| 1261229 B.C. LTD.                                         | 1261229 B.C. LTD. 10/8/2030                                                          | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              |  | US        |    222018 | PA      | $218478.64    | 0.09%             | 2030-10-08      | Floating      | 10.57%                | No            |                  2 | On Loan: No      |
| TRONOX INCORPORATED                                       | TRONOX INC 144A 4.625000% 03/15/2029                                                 | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    410000 | PA      | $267421.15    | 0.11%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING COMPANY LLC                             | HAH GROUP HOLDING CO LLC 144A 9.750000% 10/01/2031                                   | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |    405000 | PA      | $384781.78    | 0.16%             | 2031-10-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| EMBECTA CORP.                                             | EMBECTA CORP 144A 5.000000% 02/15/2030                                               | CUSIP: 29082KAA3<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |     70000 | PA      | $66287.84     | 0.03%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | SEI DAILY INCOME TRUST GOVERNMENT FUND (#36)                                         | CUSIP: 783965593<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  14529677 | NS      | $14529677.34  | 6.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTICE FRANCE SA                                          | ALTICE FRANCE SA 144A 5.500000% 10/15/2029                                           | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | NUSS              | FR        |    130000 | PA      | $112441.73    | 0.05%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNKNOWN                                                   | AUDACY SECOND LIEN WARRANT NON BLACK SCHOLES NOT SUBJECT TO BLACK-SCHOLES PROTECTION | CUSIP: 05070N137<br>LEI: N/A                  | N/A              | DE               |  | US        |       168 | NC      | $1.68         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JACOBS ENTERTAINMENT, INC.                                | JACOBS ENTERTAINMENT INC 144A 6.750000% 02/15/2029                                   | CUSIP: 469815AL8<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |    105000 | PA      | $102108.30    | 0.04%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION                                     | CMG MEDIA CORPORATION 6/18/2029                                                      | CUSIP: 88145LAF1<br>LEI: N/A                  | Long             | LON              |  | US        |    260117 | PA      | $248231.80    | 0.10%             | 2029-06-18      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                         | CSC HOLDINGS LLC 144A 5.500000% 04/15/2027                                           | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     65000 | PA      | $61693.34     | 0.03%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SPLAT SUPER HOLDCO LLC                                    | SPLAT SUPER HOLDCO LLC 6/25/2032                                                     | CUSIP: 84862VAC6<br>LEI: N/A                  | Long             | LON              |  | US        |    172525 | PA      | $169419.30    | 0.07%             | 2032-06-25      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| DOMINION DIAMOND MINES ULC                                | NORTHWEST ACQUISITIONS ULC / DOMINION FINCO INC 14 7.125000% 11/01/2022              | CUSIP: 66727WAA0<br>LEI: 549300514YCQANUHXW83 | Long             | DBT              | NUSS              | US        |    460000 | PA      | $4.60         | 0.00%             | 2022-11-01      | Fixed         | 7.12%                 | No            |                  3 | On Loan: No      |
| JBG SMITH PROPERTIES                                      | JBG SMITH PROPERTIES REIT                                                            | CUSIP: 46590V100<br>LEI: N/A                  | Short            | EC               |  | US        |    -47036 | NS      | $-1046551.00  | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW FORTRESS ENERGY INC.                                  | NEW FORTRESS ENERGY INC 144A 6.500000% 09/30/2026                                    | CUSIP: 644393AB6<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |    185000 | PA      | $46481.25     | 0.02%             | 2026-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OPERATING CORPORATION                     | RAD 8 11/15/26 144A LIFE (ESCROW)                                                    | CUSIP: 402635AL0<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    312000 | PA      | $0.01         | 0.00%             | 2026-11-15      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| BAYTEX ENERGY CORP.                                       | BAYTEX ENERGY CORP 144A 7.375000% 03/15/2032                                         | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | NUSS              | CA        |    140000 | PA      | $137074.97    | 0.06%             | 2032-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| APPLOGIC NETWORKS OPCO I LLC                              | APPLOGIC NETWORKS OPCO I LLC 3/1/2030                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    230435 | PA      | $205086.81    | 0.09%             | 2030-03-01      | Floating      | 10.17%                | No            |                  2 | On Loan: No      |
| SPENCER SPIRIT IH LLC                                     | SPENCER SPIRIT IH LLC 7/15/2031                                                      | CUSIP: 84823UAE2<br>LEI: N/A                  | Long             | LON              |  | US        |    227700 | PA      | $226941.76    | 0.09%             | 2031-07-15      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| COMERICA INCORPORATED                                     | COMERICA INC COMMON STOCK                                                            | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Short            | EC               |  | US        |     -7700 | NS      | $-527604.00   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** SEI INSTITUTIONAL MANAGED TRUST

**Signature:** Glenn Kurdziel

**Name of Signer:** Glenn Kurdziel

**Title:** Controller and Chief Financial Officer