# EDGAR Filing Document

**Accession Number:** 0001559992
**File Stem:** 0001145549-25-043822
**Filing Date:** 2025-6
**Character Count:** 132169
**Document Hash:** 19ccebe3ffc839ca64340e42b0373cba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-043822.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001145549-25-043822

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STONE RIDGE TRUST
- **CENTRAL INDEX KEY:** 0001559992

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22761
- **FILM NUMBER:** 251085277

**BUSINESS ADDRESS:**
- **BUSINESS PHONE:** 855-609-3680

**MAIL ADDRESS:**
- **STREET 1:** ONE VANDERBILT AVENUE
- **STREET 2:** 65TH FL.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Stone Ridge Trust
- **DATE OF NAME CHANGE:** 20121010

## Series and Classes Contracts Data

### Stone Ridge High Yield Reinsurance Risk Premium Fund (Series ID: S000039565)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000122023 | Class I      | SHRIX           |
| C000122024 | Class M      | SHRMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Stone Ridge Trust

- **b. Investment Company Act file number:** 811-22761

- **c. CIK number of Registrant:** 0001559992

- **d. LEI of Registrant:** 549300MJ41489Q5JST27

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

  - **Street Address 1:** One Vanderbilt Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 855-609-3680

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

- **a. Name of Series:** Stone Ridge High Yield Reinsurance Risk Premium Fund

- **b. EDGAR series identifier (if any):** S000039565

- **c. LEI of Series:** 549300S91Z6XXFPO9W37

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

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

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3614121581.80

**Total Liabilities:** $75693542.19

**Net Assets:** $3538428039.61

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000122023 | 0.11%                | 1.02%                | 0.68%                |
| Class ID C000122024 | 0.11%                | 0.99%                | 0.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5410338.10              | $-30237398.00                              |
| Month 2  | $-6648024.26             | $8390350.70                                |
| Month 3  | $-3771562.54             | $-16330853.32                              |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                | Title                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Mayflower Re Ltd.                                   | Mayflower Re 2024-1 Class A                 | CUSIP: 57839MAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8145000 | PA      | $8327395.06   | 0.24%             | 2027-07-08      | Floating      | 8.83%                 | Yes           |                  2 | On Loan: No      |
| MSILF Government Portfolio                          | MSILF Government Portfolio                  | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |  70995523 | NS      | $70995522.80  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mystic Re IV Ltd.                                   | Mystic Re IV 2023-1 Class A                 | CUSIP: 62865LAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  13095000 | PA      | $13468272.98  | 0.38%             | 2026-01-08      | Floating      | 13.24%                | Yes           |                  2 | On Loan: No      |
| MMIFS Re Ltd.                                       | MMIFS Re 2025-1 Class A                     | CUSIP: 000000000<br>LEI: 254900C86PCL10JRTQ88 | Long             | DBT              | CORP              | BM        |  12120000 | PA      | $8774665.49   | 0.25%             | 2028-01-10      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Alamo Re Ltd.                                       | Alamo Re 2024-1 Class B                     | CUSIP: 011395AP5<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |  53856000 | PA      | $56149996.32  | 1.59%             | 2027-06-07      | Floating      | 12.08%                | Yes           |                  2 | On Loan: No      |
| Aquila Re I Ltd.                                    | Aquila Re I 2024-1 Class A-1                | CUSIP: 037987AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5778000 | PA      | $5885629.70   | 0.17%             | 2027-06-07      | Floating      | 9.81%                 | Yes           |                  2 | On Loan: No      |
| Aquila Re I Ltd.                                    | Aquila Re I 2023-1 Class A-1                | CUSIP: 03843AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3485000 | PA      | $3544196.21   | 0.10%             | 2026-06-08      | Floating      | 9.94%                 | Yes           |                  2 | On Loan: No      |
| Aquila Re I Ltd.                                    | Aquila Re I 2023-1 Class C-1                | CUSIP: 03843AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  14903000 | PA      | $15475841.51  | 0.44%             | 2026-06-08      | Floating      | 13.47%                | Yes           |                  2 | On Loan: No      |
| Atlas Capital DAC                                   | Atlas Capital DAC 2024-1 Class A            | CUSIP: 049207AB9<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | IE        |   1733000 | PA      | $1917253.43   | 0.05%             | 2027-06-08      | Floating      | 17.85%                | Yes           |                  2 | On Loan: No      |
| Black Kite Re Limited                               | Black Kite Re 2022-1 Class A                | CUSIP: 092168AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | HK        |   4863000 | PA      | $4878102.05   | 0.14%             | 2025-06-09      | Floating      | 11.13%                | Yes           |                  2 | On Loan: No      |
| Charles River Re Ltd.                               | Charles River Re 2024-1 Class A             | CUSIP: 159873AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  11310000 | PA      | $11477687.72  | 0.32%             | 2027-05-10      | Floating      | 11.03%                | Yes           |                  2 | On Loan: No      |
| Citrus Re Ltd.                                      | Citrus Re 2023-1 Class A                    | CUSIP: 177510AL8<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   8321000 | PA      | $8497080.68   | 0.24%             | 2026-06-07      | Floating      | 10.92%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                     | Gateway Re 2022-1 Class A                   | CUSIP: 36779CAA4<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   9739000 | PA      | $9734159.72   | 0.28%             | 2025-05-12      | Floating      | 13.61%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                     | Gateway Re 2023-1 Class B                   | CUSIP: 36779CAD8<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   3113000 | PA      | $3256419.02   | 0.09%             | 2026-02-24      | Floating      | 24.73%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                     | Gateway Re 2025-1 Class AAA                 | CUSIP: 36779CAM8<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   5693000 | PA      | $5650282.57   | 0.16%             | 2028-07-07      | Floating      | 6.33%                 | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                     | Gateway Re 2025-1 Class A                   | CUSIP: 36779CAQ9<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   3457000 | PA      | $3443023.35   | 0.10%             | 2028-07-07      | Floating      | 6.33%                 | Yes           |                  2 | On Loan: No      |
| Integrity Re Ltd                                    | Integrity Re 2024-1 Class A                 | CUSIP: 45833UAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5694000 | PA      | $5686879.65   | 0.16%             | 2026-06-06      | Floating      | 14.78%                | Yes           |                  2 | On Loan: No      |
| Kizuna Re III Pte. Ltd.                             | Kizuna Re III 2024-1 Class A                | CUSIP: 49835JAB2<br>LEI: 984500004749BBB42B88 | Long             | DBT              | CORP              | SG        |   3081000 | PA      | $3143849.32   | 0.09%             | 2029-04-09      | Floating      | 7.08%                 | Yes           |                  2 | On Loan: No      |
| Four Lakes Re Ltd.                                  | Four Lakes Re 2024-1 Class B                | CUSIP: 35087TAH1<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |   4756000 | PA      | $4724227.54   | 0.13%             | 2028-01-07      | Floating      | 12.56%                | Yes           |                  2 | On Loan: No      |
| Long Walk Reinsurance Ltd.                          | Long Walk Re 2024-1 Class A                 | CUSIP: 54289CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3158000 | PA      | $3197103.94   | 0.09%             | 2026-01-30      | Floating      | 14.55%                | Yes           |                  2 | On Loan: No      |
| Matterhorn Re Ltd.                                  | Matterhorn Re SR2021-1 Class A              | CUSIP: 577092AN9<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |  12920000 | PA      | $12664028.96  | 0.36%             | 2025-12-08      | Floating      | 10.11%                | Yes           |                  2 | On Loan: No      |
| Integrity Re Ltd                                    | Integrity Re 2024-1 Class D                 | CUSIP: 45833UAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8594000 | PA      | $8275519.25   | 0.23%             | 2026-06-06      | Floating      | 27.28%                | Yes           |                  2 | On Loan: No      |
| Integrity Re III Ltd.                               | Integrity Re III 2025-1 Class D             | CUSIP: 45870GAF3<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   6509000 | PA      | $6395609.97   | 0.18%             | 2027-06-06      | Floating      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| Matterhorn Re Ltd.                                  | Matterhorn Re SR2023-1 Class CYB-A          | CUSIP: 577092AV1<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |  13956000 | PA      | $14197243.42  | 0.40%             | 2026-01-08      | Floating      | 16.28%                | Yes           |                  2 | On Loan: No      |
| Palm Re Ltd.                                        | Palm Re 2024-1 Class A                      | CUSIP: 69664FAA6<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |  10494000 | PA      | $10914347.66  | 0.31%             | 2027-06-07      | Floating      | 13.81%                | Yes           |                  2 | On Loan: No      |
| Mayflower Re Ltd.                                   | Mayflower Re 2023-1 Class A                 | CUSIP: 57839MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8009000 | PA      | $8116849.19   | 0.23%             | 2026-07-08      | Floating      | 9.02%                 | Yes           |                  2 | On Loan: No      |
| Mayflower Re Ltd.                                   | Mayflower Re 2023-1 Class B                 | CUSIP: 57839MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  19779000 | PA      | $20164690.50  | 0.57%             | 2026-07-08      | Floating      | 10.35%                | Yes           |                  2 | On Loan: No      |
| Merna Re II Ltd                                     | Merna Re II 2023-2 Class A                  | CUSIP: 59013MAJ1<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |  10600000 | PA      | $10946985.70  | 0.31%             | 2026-07-07      | Floating      | 14.66%                | Yes           |                  2 | On Loan: No      |
| Mystic Re IV Ltd.                                   | Mystic Re IV 2025-1 Class A                 | CUSIP: 62865LAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6206000 | PA      | $6160522.43   | 0.17%             | 2028-01-10      | Floating      | 8.31%                 | Yes           |                  2 | On Loan: No      |
| Queen Street 2023 Re DAC                            | Queen Street 2023 Re DAC                    | CUSIP: 747977AA4<br>LEI: 635400VHHVVMXL5BJI05 | Long             | DBT              | CORP              | IE        |  12723000 | PA      | $12731549.86  | 0.36%             | 2025-12-08      | Floating      | 11.81%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2022 Limited                | Residential Re 2022-I Class 12              | CUSIP: 76119YAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   4421000 | PA      | $1547350.00   | 0.04%             | 2026-06-06      | Floating      | 12.10%                | Yes           |                  2 | On Loan: No      |
| Riverfront Re Ltd                                   | Riverfront Re 2025 Class B                  | CUSIP: 76870YAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1249917.50   | 0.04%             | 2029-01-08      | Floating      | 12.08%                | Yes           |                  2 | On Loan: No      |
| Palm Re Ltd.                                        | Palm Re 2025-1 Class A                      | CUSIP: 69664FAB4<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |  11359000 | PA      | $11329529.07  | 0.32%             | 2028-06-07      | Floating      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Parametric Re Ltd.                      | Puerto Rico Parametric Re 2024-1 Class A    | CUSIP: 74528TAA2<br>LEI: 254900GJDFHQXGUCMO94 | Long             | DBT              | CORP              | BM        |   3132000 | PA      | $3202515.41   | 0.09%             | 2027-06-07      | Floating      | 13.31%                | Yes           |                  2 | On Loan: No      |
| Lion III Re DAC                                     | Lion III Re DAC 2021-1                      | CUSIP: 000000000<br>LEI: 6354006E8VRXKKHS6U06 | Long             | DBT              | CORP              | IE        |   5493000 | PA      | $6224081.82   | 0.18%             | 2025-07-16      | Floating      | 6.63%                 | Yes           |                  2 | On Loan: No      |
| King Max Re DAC                                     | King Max Re DAC                             | CUSIP: 000000000<br>LEI: 635400D6MW4WMVI42S36 | Long             | DBT              | CORP              | IE        |   7406000 | PA      | $8454282.12   | 0.24%             | 2027-01-06      | Variable      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| IBRD                                                | IBRD CAR 133 Class B                        | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |   7616000 | PA      | $7634918.14   | 0.22%             | 2028-04-24      | Floating      | 15.33%                | Yes           |                  2 | On Loan: No      |
| Purple Re Ltd.                                      | Purple Re 2023-1 Class A                    | CUSIP: 74639NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8749000 | PA      | $9048027.70   | 0.26%             | 2026-04-24      | Floating      | 17.14%                | Yes           |                  2 | On Loan: No      |
| Hatteras (Artex Segregated Account Company)         | Hatteras (Artex Segregated Account Company) | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     37256 | NS      | $31550022.05  | 0.89%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RR-JP US                                            | RR-JP US                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        | -24958976 | PA      | $-24958976.00 | -0.71%            |  |  |  | No            |                  2 | On Loan: No      |
| IBRD                                                | IBRD CAR 131                                | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |  24812000 | PA      | $25102523.71  | 0.71%             | 2026-03-31      | Floating      | 9.03%                 | Yes           |                  2 | On Loan: No      |
| Eden Re II Segregated Account 2023-1                | Eden Re II 2023-1 Class B                   | CUSIP: 27955GAB8<br>LEI: 549300LKX8PCP3SC3F42 | Long             | DBT              | CORP              | BM        |    104160 | PA      | $1153150.63   | 0.03%             | 2027-03-19      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Finca Re Ltd                                        | Finca Re 2022-1 Class A                     | CUSIP: 31771QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3094000 | PA      | $3103758.48   | 0.09%             | 2025-06-06      | Floating      | 12.56%                | Yes           |                  2 | On Loan: No      |
| Merna Re II Ltd                                     | Merna Re II 2023-1 Class A                  | CUSIP: 59013MAH5<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |  10084000 | PA      | $10348462.98  | 0.29%             | 2026-07-07      | Floating      | 12.04%                | Yes           |                  2 | On Loan: No      |
| Alamo Re Ltd.                                       | Alamo Re 2024-1 Class C                     | CUSIP: 011395AQ3<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |  43561000 | PA      | $45289544.04  | 1.28%             | 2026-06-07      | Floating      | 15.58%                | Yes           |                  2 | On Loan: No      |
| Ashera Re Ltd.                                      | Ashera Re 2024-1 Class A                    | CUSIP: 04401RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5986000 | PA      | $6042313.30   | 0.17%             | 2027-04-07      | Floating      | 9.33%                 | Yes           |                  2 | On Loan: No      |
| Bayou Re Ltd.                                       | Bayou Re 2024-1 Class B                     | CUSIP: 07304LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4958000 | PA      | $5420214.51   | 0.15%             | 2027-04-30      | Floating      | 22.78%                | Yes           |                  2 | On Loan: No      |
| Caelus Re V Ltd                                     | Caelus Re 2018-1 Class B                    | CUSIP: 12765KAF2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1905000 | PA      | $4857.75      | 0.00%             | 2025-06-09      | Floating      | 4.43%                 | Yes           |                  3 | On Loan: No      |
| Cape Lookout Re Ltd.                                | Cape Lookout Re 2023-1 Class A              | CUSIP: 13947LAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  25019000 | PA      | $25559297.81  | 0.72%             | 2026-04-28      | Floating      | 12.75%                | Yes           |                  2 | On Loan: No      |
| Commonwealth Re Ltd.                                | Commonwealth Re 2022-1 Class A              | CUSIP: 203235AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1750000 | PA      | $1754983.13   | 0.05%             | 2025-07-08      | Floating      | 8.07%                 | Yes           |                  2 | On Loan: No      |
| Eden Re II Segregated Account 2022-1                | Eden Re II 2022-1 Class B                   | CUSIP: 27955KAB9<br>LEI: 549300LKX8PCP3SC3F42 | Long             | DBT              | CORP              | BM        |    141799 | PA      | $89662.70     | 0.00%             | 2026-03-20      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Fidelity Government Portfolio                       | Fidelity Government Portfolio               | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |  70995523 | NS      | $70995522.80  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Integrity Re Ltd                                    | Integrity Re 2022-1 Class A                 | CUSIP: 45833UAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5968000 | PA      | $746000.00    | 0.02%             | 2025-06-06      | Floating      | 6.58%                 | Yes           |                  3 | On Loan: No      |
| Integrity Re Ltd                                    | Integrity Re 2024-1 Class B                 | CUSIP: 45833UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3254000 | PA      | $3246675.25   | 0.09%             | 2026-06-06      | Floating      | 17.53%                | Yes           |                  2 | On Loan: No      |
| Integrity Re Ltd                                    | Integrity Re 2024-1 Class C                 | CUSIP: 45833UAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5694000 | PA      | $5829574.14   | 0.16%             | 2026-06-06      | Floating      | 21.28%                | Yes           |                  2 | On Loan: No      |
| Fuchsia 2023-1 (London Bridge 2 PCC Protected Cell) | Fuchsia 2023-1 Class A                      | CUSIP: 54180TAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   7799000 | PA      | $8069882.67   | 0.23%             | 2027-04-06      | Floating      | 14.28%                | Yes           |                  2 | On Loan: No      |
| Lower Ferry Re Ltd.                                 | Lower Ferry Re 2023-1 Class A               | CUSIP: 547915AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7458000 | PA      | $7544833.49   | 0.21%             | 2026-07-08      | Floating      | 8.71%                 | Yes           |                  2 | On Loan: No      |
| Matterhorn Re Ltd.                                  | Matterhorn Re SR2020-2 Class A              | CUSIP: 577092AD1<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |   4183481 | PA      | $3346784.50   | 0.09%             | 2027-01-08      | Floating      | 4.41%                 | Yes           |                  3 | On Loan: No      |
| MetroCat Re Ltd                                     | Metrocat Re 2023-1 Class A                  | CUSIP: 59165HAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2429000 | PA      | $2432458.90   | 0.07%             | 2026-05-08      | Floating      | 10.08%                | Yes           |                  2 | On Loan: No      |
| Mona Lisa Re Ltd.                                   | Mona Lisa Re 2021-1 Class A                 | CUSIP: 608800AE8<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | BM        |  10320000 | PA      | $10325160.00  | 0.29%             | 2025-07-08      | Floating      | 11.31%                | Yes           |                  2 | On Loan: No      |
| Northshore Re II Limited                            | Northshore Re II 2022-1 Class A             | CUSIP: 666842AE9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  12085000 | PA      | $12091042.50  | 0.34%             | 2025-07-08      | Floating      | 12.31%                | Yes           |                  2 | On Loan: No      |
| Ocelot Re Ltd.                                      | Ocelot Re 2025-1 Class A                    | CUSIP: 675951AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  19116000 | PA      | $19010795.09  | 0.54%             | 2029-02-26      | Floating      | 8.81%                 | Yes           |                  2 | On Loan: No      |
| Residential Re 2021 Limited                         | Residential Re 2021-I Class 12              | CUSIP: 76114NAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   9241000 | PA      | $3234350.00   | 0.09%             | 2025-06-06      | Floating      | 9.82%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                 | Sanders Re III 2022-3 Class A               | CUSIP: 80000YAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4607000 | PA      | $4727491.48   | 0.13%             | 2027-04-07      | Floating      | 10.56%                | Yes           |                  2 | On Loan: No      |
| Sanders Re II Ltd.                                  | Sanders Re II 2021-2 Class B                | CUSIP: 80001MAB8<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $806250.00    | 0.02%             | 2028-04-07      | Floating      | 4.79%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                 | Sanders Re III 2023-1 Class A               | CUSIP: 80001QAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3162000 | PA      | $3222090.65   | 0.09%             | 2027-04-07      | Floating      | 9.84%                 | Yes           |                  2 | On Loan: No      |
| Stabilitas Re Ltd.                                  | Stabilitas Re 2023-1 Class A                | CUSIP: 85237TAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8399000 | PA      | $8623005.53   | 0.24%             | 2026-06-05      | Floating      | 12.79%                | Yes           |                  2 | On Loan: No      |
| Tomoni Re Pte. Ltd.                                 | Tomoni Re Pte 2024-1 Class A                | CUSIP: 89009PAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   8062000 | PA      | $8095658.85   | 0.23%             | 2028-04-05      | Floating      | 7.56%                 | Yes           |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                                 | Torrey Pines Re 2022-1 Class A              | CUSIP: 89141WAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  21571000 | PA      | $21622889.04  | 0.61%             | 2025-06-06      | Floating      | 9.74%                 | Yes           |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                                 | Torrey Pines Re 2024-1 Class A              | CUSIP: 89141WAH5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  22534000 | PA      | $23432126.37  | 0.66%             | 2027-06-07      | Floating      | 10.28%                | Yes           |                  2 | On Loan: No      |
| Ursa Re Ltd.                                        | Ursa Re 2023-1 Class C                      | CUSIP: 90323WAM2<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |   4543000 | PA      | $4639211.65   | 0.13%             | 2025-12-06      | Floating      | 12.56%                | Yes           |                  2 | On Loan: No      |
| Ursa Re Ltd.                                        | Ursa Re 2025-1 Class F                      | CUSIP: 90323WAR1<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |  32693000 | PA      | $32931675.25  | 0.93%             | 2028-02-22      | Floating      | 11.81%                | Yes           |                  2 | On Loan: No      |
| Vitality Re XV Limited                              | Vitality Re XV 2024 Class B                 | CUSIP: 92847CAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2615000 | PA      | $2656484.36   | 0.08%             | 2028-01-07      | Floating      | 7.83%                 | Yes           |                  2 | On Loan: No      |
| Vitality Re XVI Limited                             | Vitality Re XVI 2025 Class A                | CUSIP: 92849FAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   4893000 | PA      | $4893364.53   | 0.14%             | 2029-01-08      | Floating      | 6.06%                 | Yes           |                  2 | On Loan: No      |
| Winston Re Ltd                                      | Winston Re 2024-1 Class B                   | CUSIP: 975660AB7<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |   4051000 | PA      | $4223307.26   | 0.12%             | 2027-02-26      | Floating      | 16.06%                | Yes           |                  2 | On Loan: No      |
| Yosemite Re Ltd.                                    | Yosemite Re 2022-1 Class A                  | CUSIP: 98740RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4421000 | PA      | $4454159.71   | 0.13%             | 2025-06-06      | Floating      | 14.91%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2023 Limited                | Residential Re 2023-II Class 3              | CUSIP: 76090WAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7078000 | PA      | $7249039.87   | 0.20%             | 2027-12-06      | Floating      | 12.73%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2024 Limited                | Residential Re 2024-II Class 2              | CUSIP: 76112AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   4876000 | PA      | $5079395.03   | 0.14%             | 2028-12-06      | Floating      | 17.56%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2024 Limited                | Residential Re 2024-II Class 3              | CUSIP: 76112AAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |  12293000 | PA      | $12496283.19  | 0.35%             | 2028-12-06      | Floating      | 11.31%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2022 Limited                | Residential Re 2022-I Class 14              | CUSIP: 76119YAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |  12142000 | PA      | $11519206.47  | 0.33%             | 2026-06-06      | Floating      | 8.52%                 | Yes           |                  2 | On Loan: No      |
| Riverfront Re Ltd                                   | Riverfront Re 2025 Class A                  | CUSIP: 76870YAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9116000 | PA      | $9115443.92   | 0.26%             | 2029-01-08      | Floating      | 9.83%                 | Yes           |                  2 | On Loan: No      |
| Sakura Re Ltd.                                      | Sakura Re 2025-1 Class A                    | CUSIP: 79381MAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1496606.25   | 0.04%             | 2029-04-05      | Floating      | 7.04%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                 | Sanders Re III 2024-1 Class A               | CUSIP: 799927AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  16206000 | PA      | $16728116.81  | 0.47%             | 2028-04-07      | Floating      | 10.04%                | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                 | Sanders Re III 2022-1 Class A               | CUSIP: 80000XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  17697000 | PA      | $17423245.11  | 0.49%             | 2026-04-07      | Floating      | 7.70%                 | Yes           |                  2 | On Loan: No      |
| Titania Re Ltd.                                     | Titania Re 2024-1 Class B                   | CUSIP: 888329AF6<br>LEI: 5493008E73M6FH2NSB56 | Long             | DBT              | CORP              | BM        |   7192000 | PA      | $7197120.70   | 0.20%             | 2027-11-26      | Floating      | 13.83%                | Yes           |                  2 | On Loan: No      |
| Tomoni Re Pte. Ltd.                                 | Tomoni Re Pte 2024-1 Class B                | CUSIP: 89009PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   9729000 | PA      | $9893853.04   | 0.28%             | 2028-04-05      | Floating      | 8.31%                 | Yes           |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                                 | Torrey Pines Re 2024-1 Class B              | CUSIP: 89141WAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  15291000 | PA      | $15934277.08  | 0.45%             | 2027-06-07      | Floating      | 11.53%                | Yes           |                  2 | On Loan: No      |
| Ursa Re Ltd.                                        | Ursa Re 2023-2 Class E                      | CUSIP: 90323WAN0<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |  21145000 | PA      | $22213467.42  | 0.63%             | 2026-12-07      | Floating      | 13.56%                | Yes           |                  2 | On Loan: No      |
| Labrador (Horseshoe Re)                             | Labrador (Horseshoe Re)                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     34121 | NS      | $62848762.74  | 1.78%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Totara Re Pte. Ltd.                                 | Totara Re Pte. 2023-1                       | CUSIP: 000000000<br>LEI: 984500B2A09D0F655059 | Long             | DBT              | CORP              | SG        |  16525000 | PA      | $10057992.54  | 0.28%             | 2027-06-08      | Fixed         | 13.38%                | Yes           |                  2 | On Loan: No      |
| Eiffel Re Ltd.                                      | Eiffel Re 2023-1 Class A                    | CUSIP: 000000000<br>LEI: 5493000KHTJQAOS8QP53 | Long             | DBT              | CORP              | BM        |   8510000 | PA      | $9702309.10   | 0.27%             | 2027-01-19      | Floating      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| IBRD                                                | IBRD CAR 136                                | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |  23789000 | PA      | $23841062.23  | 0.67%             | 2027-12-29      | Floating      | 11.33%                | Yes           |                  2 | On Loan: No      |
| Aquila Re I Ltd.                                    | Aquila Re I 2023-1 Class B-1                | CUSIP: 03843AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8077000 | PA      | $8319007.11   | 0.24%             | 2026-06-08      | Floating      | 12.56%                | Yes           |                  2 | On Loan: No      |
| Citrus Re Ltd.                                      | Citrus Re 2025-1 Class B                    | CUSIP: 177510AR5<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   5715000 | PA      | $5693431.59   | 0.16%             | 2028-06-07      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| Eden Re II Segregated Account 2022-1                | Eden Re II 2022-1 Class A                   | CUSIP: 27955KAA1<br>LEI: 549300LKX8PCP3SC3F42 | Long             | DBT              | CORP              | BM        |    155230 | PA      | $79822.98     | 0.00%             | 2026-03-20      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Gateway Re II Ltd.                                  | Gateway Re II 2023-1 Class A                | CUSIP: 367927AA8<br>LEI: 5493000ENKV5WXNA8Z86 | Long             | DBT              | CORP              | BM        |   4542000 | PA      | $4655322.90   | 0.13%             | 2026-04-27      | Floating      | 13.23%                | Yes           |                  2 | On Loan: No      |
| London Bridge 2 PCC Limited                         | Fuchsia 2 2024-1 Class A                    | CUSIP: 541917AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |  17684000 | PA      | $17745018.64  | 0.50%             | 2028-04-06      | Floating      | 9.28%                 | Yes           |                  2 | On Loan: No      |
| 3264 Re Ltd.                                        | 3264 Re 2024-1 Class A                      | CUSIP: 88577CAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1750000 | PA      | $1843457.00   | 0.05%             | 2027-07-08      | Floating      | 11.31%                | Yes           |                  2 | On Loan: No      |
| 3264 Re Ltd.                                        | 3264 Re 2024-1 Class B                      | CUSIP: 88577CAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3133000 | PA      | $3274621.00   | 0.09%             | 2027-07-08      | Floating      | 22.31%                | Yes           |                  2 | On Loan: No      |
| 3264 Re Ltd.                                        | 3264 Re 2025-1 Class B                      | CUSIP: 88577CAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6730000 | PA      | $6736137.76   | 0.19%             | 2028-02-07      | Floating      | 7.31%                 | Yes           |                  2 | On Loan: No      |
| Matterhorn Re Ltd.                                  | Matterhorn Re 2025-1 Class B                | CUSIP: 577092AX7<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |   5914000 | PA      | $5890077.87   | 0.17%             | 2028-02-04      | Floating      | 16.58%                | Yes           |                  2 | On Loan: No      |
| Merna Re II Ltd                                     | Merna Re II 2022-2 Class A                  | CUSIP: 59013MAF9<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   6631000 | PA      | $6664824.73   | 0.19%             | 2025-07-07      | Floating      | 11.80%                | Yes           |                  2 | On Loan: No      |
| Merna Re II Ltd                                     | Merna Re II 2024-1 Class A                  | CUSIP: 59013MAK8<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |  15946000 | PA      | $16463057.02  | 0.47%             | 2027-07-07      | Floating      | 11.56%                | Yes           |                  2 | On Loan: No      |
| Merna Re II Ltd                                     | Merna Re II 2024-3 Class A                  | CUSIP: 59013MAM4<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |  34846000 | PA      | $35428189.55  | 1.00%             | 2027-07-07      | Floating      | 12.81%                | Yes           |                  2 | On Loan: No      |
| Residential Re 2021 Limited                         | Residential Re 2021-I Class 14              | CUSIP: 76114NAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   6852000 | PA      | $6778875.46   | 0.19%             | 2025-06-06      | Floating      | 7.02%                 | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2022 Limited                | Residential Re 2022-I Class 13              | CUSIP: 76119YAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |  11154000 | PA      | $9619767.30   | 0.27%             | 2026-06-06      | Floating      | 9.85%                 | Yes           |                  2 | On Loan: No      |
| Veraison Re Ltd.                                    | Veraison Re 2025-1 Class B                  | CUSIP: 92335TAE9<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |  11170000 | PA      | $11139198.73  | 0.31%             | 2028-03-08      | Floating      | 9.28%                 | Yes           |                  2 | On Loan: No      |
| Winston Re Ltd                                      | Winston Re 2024-1 Class A                   | CUSIP: 975660AA9<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |   9339000 | PA      | $9791941.50   | 0.28%             | 2027-02-26      | Floating      | 14.56%                | Yes           |                  2 | On Loan: No      |
| Rondout (Artex Segregated Account Company)          | Rondout (Artex Segregated Account Company)  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    150090 | NS      | $127110515.27 | 3.59%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Quercus Re DAC                                      | Quercus Re DAC                              | CUSIP: 000000000<br>LEI: 635400YNKWICCYBDBC76 | Long             | DBT              | CORP              | IE        |   2685000 | PA      | $3100751.75   | 0.09%             | 2027-07-08      | Floating      | 10.61%                | Yes           |                  2 | On Loan: No      |
| Kendall Re Ltd.                                     | Kendall Re 2024-1 Class A                   | CUSIP: 48878QAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  15529000 | PA      | $16193788.73  | 0.46%             | 2027-04-30      | Floating      | 10.55%                | Yes           |                  2 | On Loan: No      |
| IBRD                                                | IBRD CAR 132 Class A                        | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |  20958000 | PA      | $21310492.60  | 0.60%             | 2028-04-24      | Floating      | 8.33%                 | Yes           |                  2 | On Loan: No      |
| IBRD                                                | IBRD CAR 134 Class C                        | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |  15817000 | PA      | $16110856.13  | 0.46%             | 2028-04-24      | Floating      | 17.78%                | Yes           |                  2 | On Loan: No      |
| Merna Re II Ltd                                     | Merna Re II 2024-2 Class A                  | CUSIP: 59013MAL6<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |  20332000 | PA      | $21015775.33  | 0.59%             | 2027-07-07      | Floating      | 13.06%                | Yes           |                  2 | On Loan: No      |
| Mystic Re IV Ltd.                                   | Mystic Re IV 2025-1 Class C                 | CUSIP: 62865LAH0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9538000 | PA      | $4053650.00   | 0.11%             | 2028-01-10      | Floating      | 18.31%                | Yes           |                  3 | On Loan: No      |
| Nakama Re Ltd.                                      | Nakama Re 2025-1 Class 1                    | CUSIP: 62984JAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   3650000 | PA      | $3648123.90   | 0.10%             | 2030-04-23      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| Nature Coast Re Ltd.                                | Nature Coast Re 2023-1 Class A              | CUSIP: 63901CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  11407000 | PA      | $11489546.76  | 0.32%             | 2026-12-07      | Floating      | 14.31%                | Yes           |                  2 | On Loan: No      |
| Fish Pond Re Ltd.                                   | Fish Pond Re 2024-1 Class A                 | CUSIP: 33774EAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8722000 | PA      | $8910560.92   | 0.25%             | 2027-01-08      | Floating      | 8.30%                 | Yes           |                  2 | On Loan: No      |
| FloodSmart Re Ltd.                                  | FloodSmart Re 2023-1 Class B                | CUSIP: 33975CAN5<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |   3536000 | PA      | $2643149.39   | 0.07%             | 2026-03-11      | Floating      | 26.71%                | Yes           |                  2 | On Loan: No      |
| Galileo Re Ltd.                                     | Galileo Re 2023-1 Class B                   | CUSIP: 36354TAP7<br>LEI: 549300MXI75DHMS7JH38 | Long             | DBT              | CORP              | BM        |   3773000 | PA      | $3785420.72   | 0.11%             | 2026-01-08      | Floating      | 11.33%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                     | Gateway Re 2025-1 Class AA                  | CUSIP: 36779CAP1<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   9353000 | PA      | $8784201.98   | 0.25%             | 2025-12-22      | Floating      | 4.33%                 | Yes           |                  2 | On Loan: No      |
| Herbie Re Ltd.                                      | Herbie Re 2022-1 Class A                    | CUSIP: 42703VAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2306000 | PA      | $2479027.25   | 0.07%             | 2027-01-08      | Floating      | 17.81%                | Yes           |                  2 | On Loan: No      |
| Herbie Re Ltd.                                      | Herbie Re 2024-2 Class A                    | CUSIP: 42703VAJ2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6413000 | PA      | $6397826.84   | 0.18%             | 2029-01-08      | Floating      | 11.56%                | Yes           |                  2 | On Loan: No      |
| Hestia Re Ltd.                                      | Hestia Re 2025-1 Class A                    | CUSIP: 42815KAC6<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |  15901000 | PA      | $15808837.80  | 0.45%             | 2028-03-13      | Floating      | 11.08%                | Yes           |                  2 | On Loan: No      |
| Integrity Re Ltd                                    | Integrity Re 2023-1 Class A                 | CUSIP: 45833UAH4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5139000 | PA      | $5187165.28   | 0.15%             | 2025-06-06      | Floating      | 17.14%                | Yes           |                  2 | On Loan: No      |
| Integrity Re III Ltd.                               | Integrity Re III 2025-1 Class A-1           | CUSIP: 45870GAA4<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   1948000 | PA      | $1934133.16   | 0.05%             | 2027-06-06      | Floating      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| Integrity Re III Ltd.                               | Integrity Re III 2025-1 Class A-2           | CUSIP: 45870GAB2<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   4272000 | PA      | $4243668.10   | 0.12%             | 2028-06-06      | Floating      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| Kilimanjaro III Re Limited                          | Kilimanjaro III Re 2021-2 Class C-2         | CUSIP: 49407PAK6<br>LEI: 254900T37LD5YQ545V53 | Long             | DBT              | CORP              | BM        |   2431000 | PA      | $2435042.75   | 0.07%             | 2026-04-20      | Floating      | 8.84%                 | Yes           |                  2 | On Loan: No      |
| Kilimanjaro III Re Limited                          | Kilimanjaro III Re 2022-1 Class A           | CUSIP: 49407PAL4<br>LEI: 254900T37LD5YQ545V53 | Long             | DBT              | CORP              | BM        |   7515000 | PA      | $7520489.71   | 0.21%             | 2025-06-25      | Floating      | 10.13%                | Yes           |                  2 | On Loan: No      |
| Maschpark Re Ltd.                                   | Maschpark Re 2024-1 Class A                 | CUSIP: 574591AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2412000 | PA      | $2441171.93   | 0.07%             | 2028-01-10      | Floating      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| Mountain Re Ltd.                                    | Mountain Re 2023-1 Class A                  | CUSIP: 62426LAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7804000 | PA      | $7997543.10   | 0.23%             | 2026-06-05      | Floating      | 11.10%                | Yes           |                  2 | On Loan: No      |
| Nakama Re Pte. Ltd.                                 | Nakama Re Pte. 2021-1 Class 1               | CUSIP: 62984JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |  22838000 | PA      | $22765055.43  | 0.64%             | 2026-10-13      | Floating      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| Nature Coast Re Ltd.                                | Nature Coast Re 2024-1 Class A              | CUSIP: 63901CAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5845000 | PA      | $6390113.47   | 0.18%             | 2028-06-07      | Floating      | 19.06%                | Yes           |                  2 | On Loan: No      |
| Nature Coast Re Ltd.                                | Nature Coast Re 2025-1 Class A              | CUSIP: 63901CAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  15042000 | PA      | $15013149.44  | 0.42%             | 2029-01-16      | Floating      | 14.06%                | Yes           |                  2 | On Loan: No      |
| Nature Coast Re Ltd.                                | Nature Coast Re 2025-2 Class A              | CUSIP: 63901CAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5273000 | PA      | $5257663.48   | 0.15%             | 2029-04-10      | Floating      | 14.06%                | Yes           |                  2 | On Loan: No      |
| Pelican IV Re Ltd.                                  | Pelican IV Re 2021-1 Class B                | CUSIP: 705809AD3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2873000 | PA      | $143.94       | 0.00%             | 2027-05-07      | Floating      | 4.38%                 | Yes           |                  3 | On Loan: No      |
| Sanders Re III Ltd.                                 | Sanders Re III 2022-1 Class B               | CUSIP: 80000XAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6189000 | PA      | $5931339.55   | 0.17%             | 2026-04-07      | Floating      | 14.89%                | Yes           |                  2 | On Loan: No      |
| Solomon Re Ltd.                                     | Solomon Re 2023-1 Class A                   | CUSIP: 83427GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4719000 | PA      | $4816600.72   | 0.14%             | 2026-06-08      | Floating      | 9.83%                 | Yes           |                  2 | On Loan: No      |
| Tomoni Re Pte. Ltd.                                 | Tomoni Re Pte 2022-1 Class B-1              | CUSIP: 89009PAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   3000000 | PA      | $2998633.50   | 0.08%             | 2026-04-07      | Floating      | 7.06%                 | Yes           |                  2 | On Loan: No      |
| Topanga Re Ltd.                                     | Topanga Re 2021-1 Class A                   | CUSIP: 89055TAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6189000 | PA      | $5686143.75   | 0.16%             | 2026-01-08      | Floating      | 9.08%                 | Yes           |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                                 | Torrey Pines Re 2025-1 Class A              | CUSIP: 89141WAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  12288000 | PA      | $12287963.14  | 0.35%             | 2028-06-07      | Floating      | 8.08%                 | Yes           |                  2 | On Loan: No      |
| Ursa Re Ltd.                                        | Ursa Re 2023-3 Class AA                     | CUSIP: 90323WAP5<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |  21549000 | PA      | $22350030.20  | 0.63%             | 2026-12-07      | Floating      | 9.80%                 | Yes           |                  2 | On Loan: No      |
| Hexagon IV Re Ltd.                                  | Hexagon IV Re 2023-1 Class B                | CUSIP: 000000000<br>LEI: 984500B4771ADC9FDE26 | Long             | DBT              | CORP              | BM        |   1750000 | PA      | $2045117.84   | 0.06%             | 2026-01-21      | Floating      | 19.60%                | Yes           |                  2 | On Loan: No      |
| Baldwin Re Ltd.                                     | Baldwin Re 2021-1 Class A                   | CUSIP: 05826BAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  13779000 | PA      | $13758751.76  | 0.39%             | 2025-07-07      | Floating      | 6.34%                 | Yes           |                  2 | On Loan: No      |
| Bonanza Re Ltd.                                     | Bonanza Re 2024-1 Class B                   | CUSIP: 09785EAP6<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |   2859000 | PA      | $2833759.32   | 0.08%             | 2027-12-19      | Floating      | 8.06%                 | Yes           |                  2 | On Loan: No      |
| Bowline Re Ltd.                                     | Bowline Re 2022-1 Class A                   | CUSIP: 10260PAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2652000 | PA      | $2656792.16   | 0.08%             | 2025-05-23      | Floating      | 10.66%                | Yes           |                  2 | On Loan: No      |
| Citrus Re Ltd.                                      | Citrus Re 2024-1 Class A                    | CUSIP: 177510AN4<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   3105000 | PA      | $3219521.72   | 0.09%             | 2027-06-07      | Floating      | 13.58%                | Yes           |                  2 | On Loan: No      |
| Everglades Re II Ltd.                               | Everglades Re II 2024-1 Class A             | CUSIP: 30014LAM6<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |  35048000 | PA      | $36683094.34  | 1.04%             | 2027-05-13      | Floating      | 14.83%                | Yes           |                  2 | On Loan: No      |
| First Coast Re IV Ltd.                              | First Coast Re IV 2023-1 Class A            | CUSIP: 31969UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2029864.00   | 0.06%             | 2026-04-07      | Floating      | 13.83%                | Yes           |                  2 | On Loan: No      |
| Sanders Re II Ltd.                                  | Sanders Re II 2024-3 Class A                | CUSIP: 80001RAA9<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |  19466000 | PA      | $19147263.72  | 0.54%             | 2029-04-07      | Floating      | 8.29%                 | Yes           |                  2 | On Loan: No      |
| Sutter Re Ltd.                                      | Sutter Re 2023-1 Class E                    | CUSIP: 86944RAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  17321000 | PA      | $18104870.52  | 0.51%             | 2026-06-19      | Floating      | 14.06%                | Yes           |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                                 | Torrey Pines Re 2025-1 Class C              | CUSIP: 89141WAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  12288000 | PA      | $12287926.27  | 0.35%             | 2028-06-07      | Floating      | 10.83%                | Yes           |                  2 | On Loan: No      |
| Ursa Re II Ltd.                                     | Ursa Re II 2022-2 Class C                   | CUSIP: 91734PAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4363000 | PA      | $4505635.20   | 0.13%             | 2025-12-06      | Floating      | 14.55%                | Yes           |                  2 | On Loan: No      |
| Taranis Reinsurance DAC                             | Taranis Re DAC 2023-1 Class A               | CUSIP: 000000000<br>LEI: 635400FQ9HHTLYKADZ22 | Long             | DBT              | CORP              | IE        |   2384000 | PA      | $2796636.47   | 0.08%             | 2028-01-21      | Floating      | 11.17%                | Yes           |                  2 | On Loan: No      |
| Bayou Re Ltd.                                       | Bayou Re 2023-1 Class B                     | CUSIP: 07304LAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8335000 | PA      | $8913332.31   | 0.25%             | 2026-05-26      | Floating      | 23.98%                | Yes           |                  2 | On Loan: No      |
| Bonanza Re Ltd.                                     | Bonanza Re 2024-1 Class A                   | CUSIP: 09785EAN1<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |   3516000 | PA      | $2853371.12   | 0.08%             | 2026-01-08      | Floating      | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Bonanza Re Ltd.                                     | Bonanza Re 2024-1 Class C                   | CUSIP: 09785EAQ4<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |  10729000 | PA      | $10738693.65  | 0.30%             | 2027-12-19      | Floating      | 9.81%                 | Yes           |                  2 | On Loan: No      |
| Bridge Street Re Ltd                                | Bridge Street Re 2025-1 Class A             | CUSIP: 10807LAA5<br>LEI: 2549008NKPLMU6X7ID58 | Long             | DBT              | CORP              | BM        |  13052000 | PA      | $12986785.68  | 0.37%             | 2028-01-07      | Floating      | 8.28%                 | Yes           |                  2 | On Loan: No      |
| Catahoula II Re Pte. Ltd.                           | Catahoula Re II 2022-1 Class A              | CUSIP: 148805AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |  12678000 | PA      | $12766726.98  | 0.36%             | 2025-06-16      | Floating      | 15.52%                | Yes           |                  2 | On Loan: No      |
| Foundation Re VI Ltd.                               | Foundation Re 2023-1 Class A                | CUSIP: 349939AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9848000 | PA      | $9991593.69   | 0.28%             | 2027-01-08      | Floating      | 10.56%                | Yes           |                  2 | On Loan: No      |
| Frontline Re Ltd                                    | Frontline 2018-1 Class A                    | CUSIP: 35922QAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    203937 | PA      | $86816.01     | 0.00%             | 2026-07-06      | Floating      | 4.41%                 | Yes           |                  2 | On Loan: No      |
| Galileo Re Ltd.                                     | Galileo Re 2023-1 Class A                   | CUSIP: 36354TAN2<br>LEI: 549300MXI75DHMS7JH38 | Long             | DBT              | CORP              | BM        |  11633000 | PA      | $11955111.95  | 0.34%             | 2028-01-07      | Floating      | 11.32%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                     | Gateway Re 2023-3 Class A                   | CUSIP: 36779CAF3<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   5404000 | PA      | $5385212.99   | 0.15%             | 2026-07-08      | Floating      | 14.33%                | Yes           |                  2 | On Loan: No      |
| Integrity Re III Ltd.                               | Integrity Re III 2025-1 Class B-1           | CUSIP: 45870GAC0<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1487250.75   | 0.04%             | 2027-06-06      | Floating      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| Integrity Re III Ltd.                               | Integrity Re III 2025-1 Class C             | CUSIP: 45870GAE6<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |  10577000 | PA      | $10539943.48  | 0.30%             | 2028-06-06      | Floating      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| Lower Ferry Re Ltd.                                 | Lower Ferry Re 2023-1 Class B               | CUSIP: 547915AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  11219000 | PA      | $11406783.62  | 0.32%             | 2026-07-08      | Floating      | 9.55%                 | Yes           |                  2 | On Loan: No      |
| Mona Lisa Re Ltd.                                   | Mona Lisa Re 2025-1 Class B                 | CUSIP: 608800AK4<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | BM        |   9129000 | PA      | $9227757.52   | 0.26%             | 2028-01-07      | Floating      | 14.81%                | Yes           |                  2 | On Loan: No      |
| Recoletos Re DAC                                    | Recoletos Re DAC 2024-1 Class A             | CUSIP: 755933AA6<br>LEI: 635400FIY9UG8ZHKYH56 | Long             | DBT              | CORP              | IE        |   7030000 | PA      | $7000793.87   | 0.20%             | 2028-01-07      | Floating      | 9.33%                 | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2023 Limited                | Residential Re 2023-II Class 5              | CUSIP: 76090WAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  15862000 | PA      | $16279138.88  | 0.46%             | 2027-12-06      | Floating      | 10.23%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2024 Limited                | Residential Re 2024-II Class 4              | CUSIP: 76112AAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   9952000 | PA      | $10086600.80  | 0.29%             | 2028-12-06      | Floating      | 9.56%                 | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2023 Limited                | Residential Re 2023-I Class 13              | CUSIP: 76133XAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  13105000 | PA      | $4259125.00   | 0.12%             | 2027-06-06      | Floating      | 15.47%                | Yes           |                  2 | On Loan: No      |
| Sabine Re Ltd.                                      | Sabine Re 2024-1 Class A                    | CUSIP: 785628AA6<br>LEI: 254900FU1Z2XK88D3602 | Long             | DBT              | CORP              | BM        |   7286000 | PA      | $7452743.75   | 0.21%             | 2027-04-07      | Floating      | 12.56%                | Yes           |                  2 | On Loan: No      |
| Sakura Re Ltd.                                      | Sakura Re 2022-1 Class A                    | CUSIP: 79381MAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5224000 | PA      | $5421788.48   | 0.15%             | 2026-01-05      | Floating      | 17.81%                | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                 | Sanders Re III 2023-2 Class A               | CUSIP: 799925AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  21069000 | PA      | $21795743.55  | 0.62%             | 2026-06-05      | Floating      | 12.43%                | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                 | Sanders Re III 2022-2 Class A               | CUSIP: 80001EAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9737000 | PA      | $9739434.25   | 0.28%             | 2025-06-07      | Floating      | 10.74%                | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                 | Sanders Re III 2023-1 Class B               | CUSIP: 80001QAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3954000 | PA      | $4051855.57   | 0.11%             | 2027-04-07      | Floating      | 19.79%                | Yes           |                  2 | On Loan: No      |
| Sanders Re II Ltd.                                  | Sanders Re II 2025-1 Class A-2              | CUSIP: 80001TAB3<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |  13070000 | PA      | $13056093.52  | 0.37%             | 2030-04-08      | Floating      | 8.54%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re II Ltd.                                  | Sanders Re II 2025-1 Class B-1              | CUSIP: 80001TAC1<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |   8577000 | PA      | $8557513.06   | 0.24%             | 2028-04-07      | Floating      | 8.83%                 | Yes           |                  2 | On Loan: No      |
| Tomoni Re Pte. Ltd.                                 | Tomoni Re Pte 2022-1 Class A-1              | CUSIP: 89009PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   4678000 | PA      | $4671825.04   | 0.13%             | 2026-04-07      | Floating      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Ursa Re II Ltd.                                     | Ursa Re II 2022-1 Class E                   | CUSIP: 91734PAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3094000 | PA      | $3101021.83   | 0.09%             | 2025-06-16      | Floating      | 12.06%                | Yes           |                  2 | On Loan: No      |
| Vita Capital VI Ltd                                 | Vita Capital VI 2021-1 Class B              | CUSIP: 92846DAB2<br>LEI: 549300LLF863700IF088 | Long             | DBT              | CORP              | KY        |   9107000 | PA      | $0.91         | 0.00%             | 2026-01-08      | Floating      | 4.36%                 | Yes           |                  3 | On Loan: No      |
| Vitality Re XVI Limited                             | Vitality Re XVI 2025 Class C                | CUSIP: 92849FAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2385000 | PA      | $2385608.18   | 0.07%             | 2029-01-08      | Floating      | 8.06%                 | Yes           |                  2 | On Loan: No      |
| Vitality Re XIII Limited                            | Vitality Re XIII 2022 Class A               | CUSIP: 92849MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   3880000 | PA      | $3877545.90   | 0.11%             | 2026-01-06      | Floating      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| Vitality Re XIII Limited                            | Vitality Re XIII 2022 Class B               | CUSIP: 92849MAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   5635000 | PA      | $5636572.17   | 0.16%             | 2026-01-06      | Floating      | 7.06%                 | Yes           |                  2 | On Loan: No      |
| Vitality Re XIV Limited                             | Vitality Re XIV 2023 Class A                | CUSIP: 92851QAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   7417000 | PA      | $7607401.81   | 0.21%             | 2027-01-05      | Floating      | 7.81%                 | Yes           |                  2 | On Loan: No      |
| Winston Re Ltd                                      | Winston Re 2025-1 Class A                   | CUSIP: 975660AC5<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |   9395000 | PA      | $9369299.98   | 0.26%             | 2028-02-21      | Floating      | 10.83%                | Yes           |                  2 | On Loan: No      |
| Wrigley Re Ltd.                                     | Wrigley Re 2023-1 Class B                   | CUSIP: 982533AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  12297000 | PA      | $12790343.34  | 0.36%             | 2026-08-07      | Floating      | 11.41%                | Yes           |                  2 | On Loan: No      |
| Yosemite Re Ltd.                                    | Yosemite Re 2025-1 Class A                  | CUSIP: 98740RAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6891000 | PA      | $6871095.35   | 0.19%             | 2028-06-07      | Floating      | 6.29%                 | Yes           |                  2 | On Loan: No      |
| Lyndhurst (Horseshoe Re)                            | Lyndhurst (Horseshoe Re)                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     27200 | NS      | $45195.33     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Phoenix 2 Re Pte. Ltd.                              | Phoenix Re Pte. Ltd. 2022-1 Class B         | CUSIP: 000000000<br>LEI: 254900BAVIFK6NATLK85 | Long             | DBT              | CORP              | SG        |        66 | PA      | $65.93        | 0.00%             | 2028-01-04      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| IBRD                                                | IBRD CAR 135 Class D                        | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |   7236000 | PA      | $7637073.39   | 0.22%             | 2028-04-24      | Floating      | 16.33%                | Yes           |                  2 | On Loan: No      |
| London Bridge 2 PCC Limited                         | Vision 2039 2025-1 Class A                  | CUSIP: YQ2208250<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |  13884000 | PA      | $18464169.44  | 0.52%             | 2028-04-06      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Yoho (Artex Segregated Account Company)             | Yoho (Artex Segregated Account Company)     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     39886 | NS      | $401406.61    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sector Re V Limited                                 | Sector Re V Series 2024-Dec Class GL-R      | CUSIP: 81369AES7<br>LEI: 549300QS6XPZQHTCEJ97 | Long             | DBT              | CORP              | BM        |  18461464 | PA      | $18931786.96  | 0.54%             | 2029-12-01      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Torrey Pines Re Ltd                                 | Torrey Pines Re 2025-1 Class B              | CUSIP: 89141WAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  13675000 | PA      | $13674945.30  | 0.39%             | 2028-06-07      | Floating      | 8.83%                 | Yes           |                  2 | On Loan: No      |
| Ursa Re II Ltd.                                     | Ursa Re II 2022-2 Class AA                  | CUSIP: 91734PAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2419000 | PA      | $2473443.22   | 0.07%             | 2025-12-06      | Floating      | 11.30%                | Yes           |                  2 | On Loan: No      |
| Thopas Re Ltd. Segregated Account 2024-2 (S)        | Thopas Re Ltd. 2024-2 (S)                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    105941 | NS      | $11368007.44  | 0.32%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Acorn Re Ltd.                                       | Acorn Re 2023-1 Class A                     | CUSIP: 00485YAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10616000 | PA      | $10849562.62  | 0.31%             | 2026-11-06      | Floating      | 8.63%                 | Yes           |                  2 | On Loan: No      |
| Alamo Re Ltd.                                       | Alamo Re 2023-1 Class A                     | CUSIP: 011395AJ9<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |  18587000 | PA      | $19056126.59  | 0.54%             | 2026-06-07      | Floating      | 12.72%                | Yes           |                  2 | On Loan: No      |
| Aquila Re I Ltd.                                    | Aquila Re I 2024-1 Class B-1                | CUSIP: 037987AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6972000 | PA      | $7212492.17   | 0.20%             | 2027-06-07      | Floating      | 13.31%                | Yes           |                  2 | On Loan: No      |
| Armor Re II Ltd.                                    | Armor Re II 2024-1 Class A                  | CUSIP: 04227FAE5<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |  15590000 | PA      | $16245668.63  | 0.46%             | 2027-05-07      | Floating      | 14.56%                | Yes           |                  2 | On Loan: No      |
| Black Kite Re Limited                               | Black Kite Re 2025-1 Class A                | CUSIP: 092168AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | HK        |   3234000 | PA      | $3233802.73   | 0.09%             | 2028-05-08      | Floating      | 4.83%                 | Yes           |                  2 | On Loan: No      |
| Bowline Re Ltd.                                     | Bowline Re 2022-1 Class C                   | CUSIP: 10260PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2506897.50   | 0.07%             | 2025-05-23      | Floating      | 12.06%                | Yes           |                  2 | On Loan: No      |
| Caelus Re V Ltd                                     | Caelus Re 2018-1 Class A                    | CUSIP: 12765KAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2319000 | PA      | $2168265.00   | 0.06%             | 2025-06-09      | Floating      | 4.83%                 | Yes           |                  2 | On Loan: No      |
| Cape Lookout Re Ltd.                                | Cape Lookout Re 2025-1 Class A              | CUSIP: 13947LAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  53817000 | PA      | $54005359.50  | 1.53%             | 2028-03-13      | Floating      | 11.23%                | Yes           |                  2 | On Loan: No      |
| Citrus Re Ltd.                                      | Citrus Re 2022-1 Class A                    | CUSIP: 177510AK0<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   5526000 | PA      | $5535300.26   | 0.16%             | 2025-06-09      | Floating      | 9.39%                 | Yes           |                  2 | On Loan: No      |
| Herbie Re Ltd.                                      | Herbie Re 2020-2 Class C                    | CUSIP: 42703VAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    933284 | PA      | $606634.84    | 0.02%             | 2026-01-08      | Floating      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| Herbie Re Ltd.                                      | Herbie Re 2024-2 Class B                    | CUSIP: 42703VAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6413000 | PA      | $6518131.52   | 0.18%             | 2029-01-08      | Floating      | 15.06%                | Yes           |                  2 | On Loan: No      |
| Hestia Re Ltd.                                      | Hestia Re 2023-1 Class A                    | CUSIP: 42815KAB8<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |   3750000 | PA      | $3792260.63   | 0.11%             | 2026-04-07      | Floating      | 15.08%                | Yes           |                  2 | On Loan: No      |
| Ursa Re Ltd.                                        | Ursa Re 2023-3 Class D                      | CUSIP: 90323WAQ3<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |  25921000 | PA      | $27189677.42  | 0.77%             | 2026-12-07      | Floating      | 13.05%                | Yes           |                  2 | On Loan: No      |
| Veraison Re Ltd.                                    | Veraison Re 2023-1 Class A                  | CUSIP: 92335TAA7<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |   4854000 | PA      | $5004748.25   | 0.14%             | 2026-03-09      | Variable      | 11.07%                | Yes           |                  2 | On Loan: No      |
| Veraison Re Ltd.                                    | Veraison Re 2023-1 Class B                  | CUSIP: 92335TAB5<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |   7885000 | PA      | $8314413.16   | 0.23%             | 2026-03-09      | Variable      | 16.92%                | Yes           |                  2 | On Loan: No      |
| Vitality Re XVI Limited                             | Vitality Re XVI 2025 Class B                | CUSIP: 92849FAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1750000 | PA      | $1750385.00   | 0.05%             | 2029-01-08      | Floating      | 6.56%                 | Yes           |                  2 | On Loan: No      |
| Wrigley Re Ltd.                                     | Wrigley Re 2023-1 Class A                   | CUSIP: 982533AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5603000 | PA      | $5729426.09   | 0.16%             | 2026-08-07      | Floating      | 10.71%                | Yes           |                  2 | On Loan: No      |
| Azzurro Re II                                       | Azzurro Re II DAC 2024-1 Class A            | CUSIP: 000000000<br>LEI: 635400NZWVDIAI82JP08 | Long             | DBT              | CORP              | IE        |   7431000 | PA      | $8473990.05   | 0.24%             | 2028-04-20      | Floating      | 8.57%                 | Yes           |                  2 | On Loan: No      |
| Athena I Reinsurance DAC                            | Athena I Re DAC                             | CUSIP: 000000000<br>LEI: 635400OYYB4RHO1DUS90 | Long             | DBT              | CORP              | IE        |   2192000 | PA      | $2498807.49   | 0.07%             | 2028-01-21      | Floating      | 7.43%                 | Yes           |                  2 | On Loan: No      |
| Alamo Re Ltd.                                       | Alamo Re 2024-1 Class A                     | CUSIP: 011395AN0<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |  49116000 | PA      | $50671872.09  | 1.43%             | 2027-06-07      | Floating      | 10.33%                | Yes           |                  2 | On Loan: No      |
| Baldwin Re Ltd.                                     | Baldwin Re 2023-1 Class A                   | CUSIP: 05826BAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3631000 | PA      | $3690662.78   | 0.10%             | 2027-07-07      | Floating      | 9.10%                 | Yes           |                  2 | On Loan: No      |
| Bayou Re Ltd.                                       | Bayou Re 2023-1 Class A                     | CUSIP: 07304LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9942000 | PA      | $10461549.04  | 0.30%             | 2026-05-26      | Floating      | 17.19%                | Yes           |                  2 | On Loan: No      |
| Everglades Re II Ltd.                               | Everglades Re II 2024-1 Class C             | CUSIP: 30014LAP9<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |  24434000 | PA      | $25395172.48  | 0.72%             | 2027-05-13      | Floating      | 17.08%                | Yes           |                  2 | On Loan: No      |
| FloodSmart Re Ltd.                                  | FloodSmart Re 2024-1 Class B                | CUSIP: 33975CAQ8<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |  10727000 | PA      | $10497887.37  | 0.30%             | 2027-03-12      | Floating      | 21.91%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                     | Gateway Re 2023-1 Class A                   | CUSIP: 36779CAC0<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |  13183000 | PA      | $13807472.12  | 0.39%             | 2026-02-24      | Floating      | 18.29%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                     | Gateway Re 2025-1 Class C2                  | CUSIP: 36779CAN6<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |  20740000 | PA      | $20631654.24  | 0.58%             | 2027-07-07      | Floating      | 6.33%                 | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                     | Gateway Re 2025-2 Class A                   | CUSIP: 36779CAS5<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   8118000 | PA      | $8097274.75   | 0.23%             | 2028-07-07      | Floating      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| Genesee Street Re Ltd.                              | Genesee Street Re 2025-1 Class A            | CUSIP: 37173WAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10306000 | PA      | $10306000.00  | 0.29%             | 2028-04-07      | Floating      | 7.53%                 | Yes           |                  2 | On Loan: No      |
| Greengrove Re Ltd.                                  | Greengrove Re 2025-1 Class A                | CUSIP: 39526JAA9<br>LEI: 254900WH3CK41D9L7T70 | Long             | DBT              | CORP              | BM        |   5887000 | PA      | $5881136.55   | 0.17%             | 2028-04-07      | Floating      | 12.04%                | Yes           |                  2 | On Loan: No      |
| Herbie Re Ltd.                                      | Herbie Re 2021-1 Class A                    | CUSIP: 42703VAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1084891 | PA      | $162733.70    | 0.00%             | 2025-06-06      | Floating      | 22.60%                | Yes           |                  3 | On Loan: No      |
| Herbie Re Ltd.                                      | Herbie Re 2024-2 Class C                    | CUSIP: 42703VAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5586000 | PA      | $5425991.82   | 0.15%             | 2027-01-08      | Floating      | 27.29%                | Yes           |                  2 | On Loan: No      |
| Hestia Re Ltd.                                      | Hestia Re 2025-1 Class B                    | CUSIP: 42815KAD4<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |   7339000 | PA      | $7289410.38   | 0.21%             | 2028-03-13      | Floating      | 12.58%                | Yes           |                  2 | On Loan: No      |
| High Point Re Ltd.                                  | High Point Re 2023-1 Class A                | CUSIP: 429932AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  22886000 | PA      | $23047025.90  | 0.65%             | 2027-01-06      | Floating      | 9.95%                 | Yes           |                  2 | On Loan: No      |
| Hypatia Ltd.                                        | Hypatia Ltd. 2023-1 Class A                 | CUSIP: 44914CAC0<br>LEI: 98450041F85DB4C2C372 | Long             | DBT              | CORP              | BM        |   2761000 | PA      | $2860535.43   | 0.08%             | 2026-04-08      | Floating      | 14.83%                | Yes           |                  2 | On Loan: No      |
| Integrity Re III Ltd.                               | Integrity Re III 2025-1 Class B-2           | CUSIP: 45870GAD8<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   3458000 | PA      | $3430681.80   | 0.10%             | 2028-06-06      | Floating      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| Kilimanjaro III Re Limited                          | Kilimanjaro III Re 2021-2 Class A-2         | CUSIP: 49407PAH3<br>LEI: 254900T37LD5YQ545V53 | Long             | DBT              | CORP              | BM        |   5968000 | PA      | $5975236.20   | 0.17%             | 2026-04-20      | Floating      | 16.64%                | Yes           |                  2 | On Loan: No      |
| Locke Tavern Re Ltd.                                | Locke Tavern Re 2023-1 Class A              | CUSIP: 539694AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  12134000 | PA      | $12241294.90  | 0.35%             | 2026-04-09      | Floating      | 9.06%                 | Yes           |                  2 | On Loan: No      |
| Logistics Re Ltd.                                   | Logistics Re 2024-1 Class A                 | CUSIP: 54143LAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1750000 | PA      | $1770248.38   | 0.05%             | 2027-12-21      | Floating      | 10.33%                | Yes           |                  2 | On Loan: No      |
| Long Point Re IV Ltd                                | Long Point Re IV 2022-1 Class A             | CUSIP: 54279PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  30710000 | PA      | $30894260.00  | 0.87%             | 2026-06-01      | Floating      | 8.55%                 | Yes           |                  2 | On Loan: No      |
| Longleaf Pine Re Ltd.                               | Longleaf Pine Re 2024-1 Class A             | CUSIP: 54307MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  14003000 | PA      | $14716858.94  | 0.42%             | 2027-05-25      | Floating      | 21.83%                | Yes           |                  2 | On Loan: No      |
| Matterhorn Re Ltd.                                  | Matterhorn Re Argon 2022-1 Class A          | CUSIP: 577092AR0<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1003054.81   | 0.03%             | 2027-01-25      | Floating      | 11.61%                | Yes           |                  2 | On Loan: No      |
| Matterhorn Re Ltd.                                  | Matterhorn Re 2025-1 Class A                | CUSIP: 577092AW9<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |   3875000 | PA      | $3857326.13   | 0.11%             | 2028-02-04      | Floating      | 11.33%                | Yes           |                  2 | On Loan: No      |
| Mona Lisa Re Ltd.                                   | Mona Lisa Re 2024-1 Class A                 | CUSIP: 608800AH1<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | BM        |   8658000 | PA      | $9327068.60   | 0.26%             | 2027-06-25      | Floating      | 14.06%                | Yes           |                  2 | On Loan: No      |
| Mystic Re IV Ltd.                                   | Mystic Re IV 2025-1 Class B                 | CUSIP: 62865LAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3931000 | PA      | $3968191.19   | 0.11%             | 2028-01-10      | Floating      | 14.56%                | Yes           |                  2 | On Loan: No      |
| Nakama Re Ltd.                                      | Nakama Re 2023-1 Class 2                    | CUSIP: 62983QAP8<br>LEI: 2549003ZFVVVVKMRJ633 | Long             | DBT              | CORP              | BM        |   6781000 | PA      | $6940278.91   | 0.20%             | 2028-05-09      | Floating      | 8.30%                 | Yes           |                  2 | On Loan: No      |
| Nakama Re Pte. Ltd.                                 | Nakama Re Pte. 2021-1 Class 2               | CUSIP: 62984JAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   9754000 | PA      | $9756887.18   | 0.28%             | 2026-10-13      | Floating      | 7.06%                 | Yes           |                  2 | On Loan: No      |
| Nature Coast Re Ltd.                                | Nature Coast Re 2023-1 Class B              | CUSIP: 63901CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4156000 | PA      | $4255124.76   | 0.12%             | 2026-12-07      | Floating      | 17.81%                | Yes           |                  2 | On Loan: No      |
| Northshore Re II Limited                            | Northshore Re II 2025-1 Class A             | CUSIP: 666842AF6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  12460000 | PA      | $12410764.31  | 0.35%             | 2028-04-07      | Floating      | 9.31%                 | Yes           |                  2 | On Loan: No      |
| Ocelot Re Ltd.                                      | Ocelot Re 2025-1 Class B                    | CUSIP: 675951AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2812000 | PA      | $2791527.23   | 0.08%             | 2029-02-26      | Floating      | 10.56%                | Yes           |                  2 | On Loan: No      |
| Purple Re Ltd.                                      | Purple Re 2023-2 Class A                    | CUSIP: 74639NAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7888000 | PA      | $8113470.59   | 0.23%             | 2026-06-05      | Floating      | 14.81%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2024 Limited                | Residential Re 2024-I Class 14              | CUSIP: 76091BAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   5160000 | PA      | $4953571.62   | 0.14%             | 2028-06-06      | Floating      | 10.06%                | Yes           |                  2 | On Loan: No      |
| Residential Re 2021 Limited                         | Residential Re 2021-I Class 11              | CUSIP: 76114NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   8094000 | PA      | $202754.70    | 0.01%             | 2025-06-06      | Floating      | 14.24%                | Yes           |                  3 | On Loan: No      |
| Residential Reinsurance 2022 Limited                | Residential Re 2022-I Class 11              | CUSIP: 76119YAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   3094000 | PA      | $77504.70     | 0.00%             | 2026-06-06      | Floating      | 16.82%                | Yes           |                  3 | On Loan: No      |
| Residential Re 2019 Ltd                             | Residential Re 2019-I Class 12              | CUSIP: 76120FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    183217 | PA      | $104479.76    | 0.00%             | 2026-06-06      | Floating      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| Hudson Charles (Mt. Logan Re)                       | Hudson Charles 2 (Mt. Logan Re)             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     25377 | NS      | $25791853.48  | 0.73%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison (Artex Segregated Account Company)          | Madison (Artex Segregated Account Company)  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |      5011 | NS      | $960768.21    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Peregrine HYR (Peregrine Segregated Account)        | Peregrine HYR                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   1800000 | NS      | $21821079.60  | 0.62%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Phoenix 2 Re Pte. Ltd.                              | Phoenix 2 Re Pte. Ltd. 2022-1 Class A       | CUSIP: 000000000<br>LEI: 254900BAVIFK6NATLK85 | Long             | DBT              | CORP              | SG        |     75000 | PA      | $80130.00     | 0.00%             | 2028-01-04      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Hexagon IV Re Ltd.                                  | Hexagon IV Re 2023-1 Class A                | CUSIP: 000000000<br>LEI: 984500B4771ADC9FDE26 | Long             | DBT              | CORP              | BM        |   6684000 | PA      | $7691120.46   | 0.22%             | 2028-01-21      | Floating      | 10.61%                | Yes           |                  2 | On Loan: No      |
| Acorn Re Ltd.                                       | Acorn Re 2024-1 Class B                     | CUSIP: 00485YAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  22505000 | PA      | $22535302.98  | 0.64%             | 2025-11-07      | Floating      | 7.43%                 | Yes           |                  2 | On Loan: No      |
| Alamo Re Ltd.                                       | Alamo Re 2022-1 Class A                     | CUSIP: 011395AH3<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |  16903000 | PA      | $16951274.97  | 0.48%             | 2025-06-07      | Floating      | 11.85%                | Yes           |                  2 | On Loan: No      |
| Aragonite Re Ltd.                                   | Aragonite Re 2024-1 Class A                 | CUSIP: 03851YAA7<br>LEI: 254900LF29LPMNPHA287 | Long             | DBT              | CORP              | BM        |   7442000 | PA      | $7691954.45   | 0.22%             | 2027-04-07      | Floating      | 9.56%                 | Yes           |                  2 | On Loan: No      |
| Astro Re Pte. Ltd.                                  | Astro Re 2021-1 Class A                     | CUSIP: 04638WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   3183000 | PA      | $2068950.00   | 0.06%             | 2025-07-08      | Floating      | 13.06%                | Yes           |                  3 | On Loan: No      |
| Atlas Capital Reinsurance 2022 DAC                  | Atlas Capital 2022 DAC 2022-1 Class A       | CUSIP: 04921WAA5<br>LEI: 635400L9LFWNWH1AKY11 | Long             | DBT              | CORP              | IE        |  15379000 | PA      | $15409758.00  | 0.44%             | 2025-06-06      | Floating      | 14.13%                | Yes           |                  2 | On Loan: No      |
| Bayou Re Ltd.                                       | Bayou Re 2024-1 Class A                     | CUSIP: 07304LAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  15037000 | PA      | $15925137.85  | 0.45%             | 2027-04-30      | Floating      | 12.78%                | Yes           |                  2 | On Loan: No      |
| Bayou Re Ltd.                                       | Bayou Re 2025-1 Class A                     | CUSIP: 07304LAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  13371000 | PA      | $13384364.31  | 0.38%             | 2028-05-08      | Floating      | 4.83%                 | Yes           |                  2 | On Loan: No      |
| Blue Ridge Re Ltd.                                  | Blue Ridge Re 2023-1 Class A                | CUSIP: 096003AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  17448000 | PA      | $17887454.05  | 0.51%             | 2027-01-08      | Floating      | 9.53%                 | Yes           |                  2 | On Loan: No      |
| Blue Ridge Re Ltd.                                  | Blue Ridge Re 2023-1 Class B                | CUSIP: 096003AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  21241000 | PA      | $21784684.64  | 0.62%             | 2027-01-08      | Floating      | 12.28%                | Yes           |                  2 | On Loan: No      |
| Bowline Re Ltd.                                     | Bowline Re 2022-1 Class B                   | CUSIP: 10260PAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2431000 | PA      | $2444022.87   | 0.07%             | 2025-05-23      | Floating      | 20.50%                | Yes           |                  2 | On Loan: No      |
| Catahoula II Re Pte. Ltd.                           | Catahoula Re II 2022-1 Class B              | CUSIP: 148805AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   7073000 | PA      | $7145855.44   | 0.20%             | 2025-06-16      | Floating      | 17.64%                | Yes           |                  2 | On Loan: No      |
| East Lane Re VII Ltd.                               | East Lane Re VII 2024-1 Class A             | CUSIP: 27332EAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6031000 | PA      | $6091261.75   | 0.17%             | 2026-03-31      | Floating      | 13.20%                | Yes           |                  2 | On Loan: No      |
| Eden Re II Segregated Account 2025-1                | Eden Re II 2025-1 Class B                   | CUSIP: 27954JAB3<br>LEI: 549300LKX8PCP3SC3F42 | Long             | DBT              | CORP              | BM        |  35154000 | PA      | $34171445.35  | 0.97%             | 2030-03-19      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Kilimanjaro III Re Limited                          | Kilimanjaro III Re 2021-2 Class B-2         | CUSIP: 49407PAJ9<br>LEI: 254900T37LD5YQ545V53 | Long             | DBT              | CORP              | BM        |   2652000 | PA      | $2655932.92   | 0.08%             | 2026-04-20      | Floating      | 9.14%                 | Yes           |                  2 | On Loan: No      |
| Lightning Re Ltd.                                   | Lightning Re 2023-1 Class A                 | CUSIP: 532242AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  49758000 | PA      | $51076587.00  | 1.44%             | 2026-03-31      | Floating      | 15.31%                | Yes           |                  2 | On Loan: No      |
| Sanders Re II Ltd.                                  | Sanders Re II 2024-3 Class B                | CUSIP: 80001RAB7<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |  19864000 | PA      | $19756227.87  | 0.56%             | 2029-04-07      | Floating      | 9.54%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re II Ltd.                                  | Sanders Re II 2025-1 Class A                | CUSIP: 80001TAA5<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |  14908000 | PA      | $14875962.71  | 0.42%             | 2028-04-07      | Floating      | 8.33%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re II Ltd.                                  | Sanders Re II 2025-1 Class B-2              | CUSIP: 80001TAD9<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |  25732000 | PA      | $25704119.38  | 0.73%             | 2030-04-08      | Floating      | 9.08%                 | Yes           |                  2 | On Loan: No      |
| Sector Re V Limited                                 | Sector Re V Series 2024-Apr Class GL-R      | CUSIP: 81369AEQ1<br>LEI: 549300QS6XPZQHTCEJ97 | Long             | DBT              | CORP              | BM        |     21866 | PA      | $871154.03    | 0.02%             | 2028-12-01      | Floating      | 5.39%                 | Yes           |                  3 | On Loan: No      |
| Sutter Re Ltd.                                      | Sutter Re 2023-1 Class B                    | CUSIP: 86944RAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  19391000 | PA      | $19890298.86  | 0.56%             | 2026-06-19      | Floating      | 11.06%                | Yes           |                  2 | On Loan: No      |
| Titania Re Ltd.                                     | Titania Re 2024-1 Class A                   | CUSIP: 888329AE9<br>LEI: 5493008E73M6FH2NSB56 | Long             | DBT              | CORP              | BM        |   7603000 | PA      | $7621832.63   | 0.22%             | 2027-11-26      | Floating      | 10.58%                | Yes           |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                                 | Torrey Pines Re 2022-1 Class B              | CUSIP: 89141WAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10928000 | PA      | $10944845.51  | 0.31%             | 2025-06-06      | Floating      | 12.09%                | Yes           |                  2 | On Loan: No      |
| Veraison Re Ltd.                                    | Veraison Re 2024-1 Class A                  | CUSIP: 92335TAC3<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |  14142000 | PA      | $14467951.89  | 0.41%             | 2027-03-08      | Floating      | 9.03%                 | Yes           |                  2 | On Loan: No      |
| Veraison Re Ltd.                                    | Veraison Re 2025-1 Class A                  | CUSIP: 92335TAD1<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |  26769000 | PA      | $26644363.54  | 0.75%             | 2028-03-08      | Floating      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| Vitality Re XV Limited                              | Vitality Re XV 2024 Class A                 | CUSIP: 92847CAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   3822000 | PA      | $3859541.60   | 0.11%             | 2028-01-07      | Floating      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| Arenal (Artex Segregated Account Company)           | Arenal (Artex Segregated Account Company)   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    167359 | NS      | $42369875.91  | 1.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Magnolia (Artex Segregated Account Company)         | Magnolia (Artex Segregated Account Company) | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     10646 | NS      | $12239831.76  | 0.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Trouvaille Re Ltd.                                  | Trouvaille Re Ltd.                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |        60 | NS      | $12879719.47  | 0.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Armor Re II Ltd.                                    | Armor Re II 2024-2 Class A                  | CUSIP: 04227FAF2<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |   7651000 | PA      | $7683390.51   | 0.22%             | 2028-01-07      | Floating      | 12.81%                | Yes           |                  2 | On Loan: No      |
| Atlas Capital DAC                                   | Atlas Capital DAC 2023-1 Class A            | CUSIP: 049207AA1<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1026738.00   | 0.03%             | 2026-06-05      | Floating      | 12.01%                | Yes           |                  2 | On Loan: No      |
| Cape Lookout Re Ltd.                                | Cape Lookout Re 2024-1 Class A              | CUSIP: 13947LAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  47978000 | PA      | $48506789.53  | 1.37%             | 2027-04-05      | Floating      | 12.33%                | Yes           |                  2 | On Loan: No      |
| Citrus Re Ltd.                                      | Citrus Re 2023-1 Class B                    | CUSIP: 177510AM6<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   6655000 | PA      | $6868928.30   | 0.19%             | 2026-06-07      | Floating      | 13.10%                | Yes           |                  2 | On Loan: No      |
| Claveau Re Ltd.                                     | Claveau Re 2021-1 Class A                   | CUSIP: 182896AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2697431 | PA      | $1416151.49   | 0.04%             | 2025-07-08      | Floating      | 21.76%                | Yes           |                  3 | On Loan: No      |
| Citrus Re Ltd.                                      | Citrus Re 2024-1 Class B                    | CUSIP: 177510AP9<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   5980000 | PA      | $6186289.07   | 0.17%             | 2027-06-07      | Floating      | 14.83%                | Yes           |                  2 | On Loan: No      |
| Citrus Re Ltd.                                      | Citrus Re 2025-1 Class A                    | CUSIP: 177510AQ7<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   6735000 | PA      | $6700577.42   | 0.19%             | 2028-06-07      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| Easton Re Pte. Ltd.                                 | Easton Re 2024-1 Class A                    | CUSIP: 27777AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    250000 | PA      | $254037.63    | 0.01%             | 2027-01-08      | Floating      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Eden Re II Segregated Account 2024-1                | Eden Re II 2024-1 Class B                   | CUSIP: 27954UAB8<br>LEI: 549300LKX8PCP3SC3F42 | Long             | DBT              | CORP              | BM        |     91358 | PA      | $4531992.52   | 0.13%             | 2028-03-17      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Commonwealth Re Ltd.                                | Commonwealth Re 2023-1 Class A              | CUSIP: 203235AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8289000 | PA      | $8376034.50   | 0.24%             | 2026-07-08      | Floating      | 8.58%                 | Yes           |                  2 | On Loan: No      |
| Everglades Re II Ltd.                               | Everglades Re II 2024-1 Class B             | CUSIP: 30014LAN4<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |  36978000 | PA      | $38548048.90  | 1.09%             | 2027-05-13      | Floating      | 15.83%                | Yes           |                  2 | On Loan: No      |
| FloodSmart Re Ltd.                                  | FloodSmart Re 2022-1 Class B                | CUSIP: 33975CAK1<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |   1660912 | PA      | $1144036.13   | 0.03%             | 2029-02-26      | Floating      | 4.81%                 | Yes           |                  3 | On Loan: No      |
| FloodSmart Re Ltd.                                  | FloodSmart Re 2023-1 Class A                | CUSIP: 33975CAM7<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |  13761000 | PA      | $13657792.50  | 0.39%             | 2026-03-11      | Floating      | 21.46%                | Yes           |                  2 | On Loan: No      |
| FloodSmart Re Ltd.                                  | FloodSmart Re 2024-1 Class A                | CUSIP: 33975CAP0<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |  42370000 | PA      | $43412789.26  | 1.23%             | 2027-03-12      | Floating      | 18.64%                | Yes           |                  2 | On Loan: No      |
| Hestia Re Ltd.                                      | Hestia Re 2022-1 Class A                    | CUSIP: 42815KAA0<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |    445857 | PA      | $189489.29    | 0.01%             | 2029-04-22      | Floating      | 4.83%                 | Yes           |                  3 | On Loan: No      |
| First Coast Re IV Ltd.                              | First Coast Re IV 2025-1 Class B            | CUSIP: 31969UAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2165000 | PA      | $2158505.00   | 0.06%             | 2028-03-10      | Floating      | 11.81%                | Yes           |                  2 | On Loan: No      |
| Four Lakes Re Ltd.                                  | Four Lakes Re 2022-1 Class A                | CUSIP: 35087TAD0<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |   1313000 | PA      | $1323619.54   | 0.04%             | 2026-01-07      | Floating      | 10.77%                | Yes           |                  2 | On Loan: No      |
| Hudson Charles (Mt. Logan Re)                       | Hudson Charles 3 (Mt. Logan Re)             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     31639 | NS      | $41831739.39  | 1.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Blue Sky Re DAC                                     | Blue Sky Re DAC 2023-1                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   3404000 | PA      | $4002261.49   | 0.11%             | 2027-01-26      | Floating      | 8.32%                 | Yes           |                  2 | On Loan: No      |
| Four Lakes Re Ltd.                                  | Four Lakes Re 2023-1 Class A                | CUSIP: 35087TAE8<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |   3003000 | PA      | $3049747.70   | 0.09%             | 2027-01-07      | Floating      | 10.11%                | Yes           |                  2 | On Loan: No      |
| Four Lakes Re Ltd.                                  | Four Lakes Re 2024-1 Class A                | CUSIP: 35087TAG3<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |  11520000 | PA      | $11451133.44  | 0.32%             | 2028-01-07      | Floating      | 9.81%                 | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                     | Gateway Re 2024-1 Class AA                  | CUSIP: 36779CAG1<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   9464000 | PA      | $9519189.32   | 0.27%             | 2027-07-08      | Floating      | 9.83%                 | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                     | Gateway Re 2025-1 Class C1                  | CUSIP: 36779CAR7<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   6507000 | PA      | $5985717.72   | 0.17%             | 2025-12-22      | Floating      | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Mona Lisa Re Ltd.                                   | Mona Lisa Re 2025-1 Class A                 | CUSIP: 608800AJ7<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | BM        |   8733000 | PA      | $8748741.23   | 0.25%             | 2029-01-08      | Floating      | 12.31%                | Yes           |                  2 | On Loan: No      |
| Montoya Re Ltd.                                     | Montoya Re 2022-2 Class A                   | CUSIP: 613752AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5453000 | PA      | $5712385.58   | 0.16%             | 2026-04-07      | Floating      | 18.11%                | Yes           |                  2 | On Loan: No      |
| Montoya Re Ltd.                                     | Montoya Re 2025-1 Class A                   | CUSIP: 613752AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1735000 | PA      | $1717274.37   | 0.05%             | 2028-04-07      | Floating      | 10.08%                | Yes           |                  2 | On Loan: No      |
| PoleStar Re Ltd.                                    | PoleStar Re 2024-1 Class A                  | CUSIP: 73110JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9224000 | PA      | $9401981.69   | 0.27%             | 2026-01-07      | Floating      | 17.33%                | Yes           |                  2 | On Loan: No      |
| PoleStar Re Ltd.                                    | PoleStar Re 2024-3 Class A                  | CUSIP: 73110JAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  18736000 | PA      | $19291288.20  | 0.55%             | 2028-01-07      | Floating      | 14.80%                | Yes           |                  2 | On Loan: No      |
| Purple Re Ltd.                                      | Purple Re 2024-1 Class A                    | CUSIP: 74639NAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  26698000 | PA      | $27187908.30  | 0.77%             | 2027-06-07      | Floating      | 13.28%                | Yes           |                  2 | On Loan: No      |
| Residential Re 2021 Limited                         | Residential Re 2021-I Class 13              | CUSIP: 76114NAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   5305000 | PA      | $4775030.50   | 0.13%             | 2025-06-06      | Floating      | 8.19%                 | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2023 Limited                | Residential Re 2023-I Class 14              | CUSIP: 76133XAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  23567000 | PA      | $23010347.46  | 0.65%             | 2027-06-06      | Floating      | 10.84%                | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                 | Sanders Re III 2022-2 Class B               | CUSIP: 80001EAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9894000 | PA      | $9906382.34   | 0.28%             | 2025-06-07      | Floating      | 12.75%                | Yes           |                  2 | On Loan: No      |
| Sector Re V Limited                                 | Sector Re V Series 2023-Dec Class GL-R      | CUSIP: 81369AEN8<br>LEI: 549300QS6XPZQHTCEJ97 | Long             | DBT              | CORP              | BM        |      4920 | PA      | $109698.15    | 0.00%             | 2028-12-01      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Torrey Pines Re Ltd                                 | Torrey Pines Re 2023-1 Class A              | CUSIP: 89141WAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8393000 | PA      | $8548241.12   | 0.24%             | 2026-06-05      | Floating      | 9.28%                 | Yes           |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                                 | Torrey Pines Re 2024-1 Class C              | CUSIP: 89141WAK8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7541000 | PA      | $7730252.71   | 0.22%             | 2026-06-05      | Floating      | 13.28%                | Yes           |                  2 | On Loan: No      |
| Ursa Re Ltd.                                        | Ursa Re 2023-1 Class AA                     | CUSIP: 90323WAL4<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |   4722000 | PA      | $4792048.51   | 0.14%             | 2025-12-06      | Floating      | 9.80%                 | Yes           |                  2 | On Loan: No      |
| Ursa Re II Ltd.                                     | Ursa Re II 2022-1 Class A                   | CUSIP: 91734PAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  14166000 | PA      | $14168089.49  | 0.40%             | 2025-06-16      | Floating      | 9.31%                 | Yes           |                  2 | On Loan: No      |
| Vista Re Ltd.                                       | Vista Re 2022-1 Class A                     | CUSIP: 92840DAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3979000 | PA      | $4002515.89   | 0.11%             | 2025-05-21      | Floating      | 18.82%                | Yes           |                  2 | On Loan: No      |
| Vitality Re XIV Limited                             | Vitality Re XIV 2023 Class B                | CUSIP: 92851QAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2416000 | PA      | $2458610.99   | 0.07%             | 2027-01-05      | Floating      | 8.81%                 | Yes           |                  2 | On Loan: No      |
| Hexagon III Re Pte. Ltd.                            | Hexagon III Re Pte. Class B                 | CUSIP: 000000000<br>LEI: 9845003Q740XB9CF0598 | Long             | DBT              | CORP              | SG        |   2000000 | PA      | $1642631.38   | 0.05%             | 2026-01-15      | Floating      | 14.16%                | Yes           |                  3 | On Loan: No      |
| Orange Capital Re DAC                               | Orange Capital Re 2023-1 Class A            | CUSIP: 000000000<br>LEI: 635400PXTZAPQFEPH515 | Long             | DBT              | CORP              | IE        |   1957000 | PA      | $2249699.79   | 0.06%             | 2027-01-08      | Floating      | 10.10%                | Yes           |                  2 | On Loan: No      |
| Baltic PCC Ltd                                      | Baltic PCC 2025-1 Class A                   | CUSIP: 000000000<br>LEI: 549300GX6EH3ZRCQFX14 | Long             | DBT              | CORP              | GB        |   7494000 | PA      | $9987206.14   | 0.28%             | 2028-04-06      | Floating      | 10.19%                | Yes           |                  2 | On Loan: No      |
| Acorn Re Ltd.                                       | Acorn Re 2024-1 Class A                     | CUSIP: 00485YAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  12029000 | PA      | $12104163.21  | 0.34%             | 2027-11-05      | Floating      | 7.43%                 | Yes           |                  2 | On Loan: No      |
| 3264 Re Ltd.                                        | 3264 Re 2025-1 Class A                      | CUSIP: 88577CAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6730000 | PA      | $6700808.63   | 0.19%             | 2028-02-07      | Floating      | 25.56%                | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-25

**Name of Applicant:** Stone Ridge Trust

**Signature:** Maura Keselowsky

**Name of Signer:** Maura Keselowsky

**Title:** Treasurer and Principal Financial Officer