# EDGAR Filing Document

**Accession Number:** 0001516212
**File Stem:** 0001752724-25-211230
**Filing Date:** 2025-8
**Character Count:** 204797
**Document Hash:** a53aa12205cbb1db7a6aad56fc069282
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-211230.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-211230

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SSGA Active Trust
- **CENTRAL INDEX KEY:** 0001516212

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22542
- **FILM NUMBER:** 251270242

**BUSINESS ADDRESS:**
- **STREET 1:** ONE IRON STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 6176643920

**MAIL ADDRESS:**
- **STREET 1:** ONE IRON STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SSgA Active Trust
- **DATE OF NAME CHANGE:** 20141208

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SSgA Active ETF Trust
- **DATE OF NAME CHANGE:** 20110322

## Series and Classes Contracts Data

### SPDR DoubleLine Short Duration Total Return Tactical ETF (Series ID: S000052162)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000164160 | SPDR DoubleLine Short Duration Total Return Tactical ETF | STOT            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SSGA Active Trust

- **b. Investment Company Act file number:** 811-22542

- **c. CIK number of Registrant:** 0001516212

- **d. LEI of Registrant:** 549300MAXSRPQ75ICU67

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

  - **Street Address 1:** One Iron Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 617-664-8594

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

- **a. Name of Series:** SPDR DoubleLine Short Duration Total Return Tactical ETF

- **b. EDGAR series identifier (if any):** S000052162

- **c. LEI of Series:** 549300JKQUMR3G362R19

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $258126866.02

**Total Liabilities:** $4057081.98

**Net Assets:** $254069784.04

**Delayed Delivery Securities:** $2967074.42

**Cash Not Reported:** $4844.73

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -500.43000000 | **1-Year:** -7929.46000000 | **5-Year:** -18565.97000000 | **10-Year:** -3911.67000000 | **30-Year:** -1281.56000000

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

- **3-Month:** -61.00000000 | **1-Year:** -725.59000000 | **5-Year:** -1919.02000000 | **10-Year:** -601.81000000 | **30-Year:** -2.55000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000164160 | 0.46%                | 0.19%                | 0.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $85321.39                | $166249.91                                 |
| Month 2  | $-265.79                 | $-421768.61                                |
| Month 3  | $-3067.99                | $715677.18                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WAMU Mortgage Pass-Through Certificates         | WaMu Mortgage Pass-Through Certificates Series 2006-AR16 Trust                 | CUSIP: 92925GAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1387455 | PA      | $1209819.73   | 0.48%             | 2036-12-25      | Variable      | 4.47%                 | No            |                  2 | On Loan: No      |
| Bridge Street CLO Ltd                           | Bridge Street CLO I Ltd                                                        | CUSIP: 10805YAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002900.00   | 0.39%             | 2037-07-20      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust     | MF1 2020-FL4 Ltd                                                               | CUSIP: 58003UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    117549 | PA      | $117647.15    | 0.05%             | 2035-12-15      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| COLOSSUS ACQUIRECO LLC                          | COLOSSUS ACQUIRECO LLC TERM LOAN B                                             | CUSIP: 000000000<br>LEI: 2549009FT92RXWA46910 | Long             | LON              | CORP              | US        |    145000 | PA      | $144220.63    | 0.06%             | 2032-06-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Affirm Master Trust                             | Affirm Master Trust                                                            | CUSIP: 00833BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200944.30    | 0.08%             | 2033-02-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Inflation-Indexed Notes                                          | CUSIP: 91282CFR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    498097 | PA      | $504313.69    | 0.20%             | 2027-10-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                             | Delta Air Lines Inc                                                            | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    485000 | PA      | $487735.40    | 0.19%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                               | Iron Mountain Inc 2023 Term Loan B                                             | CUSIP: 46284NAV1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | LON              |  | US        |    157096 | PA      | $157161.14    | 0.06%             | 2031-01-31      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2023-INV2                                           | CUSIP: 92540BAA7<br>LEI: 213800D3C9UXVQ7TZF09 | Long             | ABS-MBS          | CORP              | US        |    863050 | PA      | $868150.17    | 0.34%             | 2068-08-25      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC            | Pret 2025-NPL2 LLC                                                             | CUSIP: 69392JAA7<br>LEI: 254900S0KCA0ULKWBW61 | Long             | ABS-O            | CORP              | US        |    968557 | PA      | $964743.56    | 0.38%             | 2055-03-25      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Estate Notes          | Greystone CRE Notes 2021-FL3 Ltd                                               | CUSIP: 39809PAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    138308 | PA      | $138046.33    | 0.05%             | 2039-07-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                             | CUSIP: 3137H4YN4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    761168 | PA      | $649054.00    | 0.26%             | 2047-12-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd                            | Steele Creek CLO 2019-2 LTD                                                    | CUSIP: 85817EAU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    919451 | PA      | $919199.60    | 0.36%             | 2032-07-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                            | Glencore Funding LLC                                                           | CUSIP: 378272BW7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    488000 | PA      | $489947.12    | 0.19%             | 2027-04-04      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                        | FirstEnergy Transmission LLC                                                   | CUSIP: 33767BAG4<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10005.40     | 0.00%             | 2030-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                            | Flutter Financing BV 2024 Term Loan B                                          | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |    231530 | PA      | $231240.50    | 0.09%             | 2030-11-30      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                             | COMM 2015-CCRE25 Mortgage Trust                                                | CUSIP: 12593PAX0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    339854 | PA      | $217.76       | 0.00%             | 2048-08-10      | Variable      | 0.86%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust           | Wells Fargo Commercial Mortgage Trust 2018-C43                                 | CUSIP: 95001LAT9<br>LEI: 549300RVQJTKIK3XGD11 | Long             | ABS-MBS          | CORP              | US        |    159449 | PA      | $156490.13    | 0.06%             | 2051-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Trust 2020-GC47                                         | CUSIP: 36258RBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2101867 | PA      | $84230.67     | 0.03%             | 2053-05-12      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| CEDR TRUST                                      | CEDR Commercial Mortgage Trust 2022-SNAI                                       | CUSIP: 12524AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $194611.36    | 0.08%             | 2039-02-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust           | Wells Fargo Commercial Mortgage Trust 2025-C64                                 | CUSIP: 95004BAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     69783 | PA      | $69953.49     | 0.03%             | 2058-02-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LLC                 | Domino's Pizza Master Issuer LLC                                               | CUSIP: 25755TAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    846000 | PA      | $831595.77    | 0.33%             | 2047-07-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                    | CSMC Trust 2017-PFHP                                                           | CUSIP: 12595KAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    129024 | PA      | $128624.09    | 0.05%             | 2030-12-15      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| VASA Trust                                      | VASA Trust 2021-VASA                                                           | CUSIP: 92230AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    315000 | PA      | $305663.37    | 0.12%             | 2039-07-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                            | Bank of America Corp                                                           | CUSIP: 06051GHT9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    168000 | PA      | $166792.08    | 0.07%             | 2027-04-23      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                   | Citigroup Inc                                                                  | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    284000 | PA      | $286044.80    | 0.11%             | 2029-03-04      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                              | CUSIP: 3136BVPV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    644481 | PA      | $641293.36    | 0.25%             | 2055-04-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                  | ACHV ABS Trust 2024-3AL                                                        | CUSIP: 00092KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    277074 | PA      | $277445.15    | 0.11%             | 2031-12-26      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC                             | Reach ABS Trust 2025-1                                                         | CUSIP: 75525PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    537959 | PA      | $537253.28    | 0.21%             | 2032-08-16      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac Pool                                                               | CUSIP: 31427MG96<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    628417 | PA      | $633666.50    | 0.25%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Notes                                                            | CUSIP: 91282CCP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18450000 | PA      | $17798484.38  | 7.01%             | 2026-07-31      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                         | BDS 2021-FL9 Ltd                                                               | CUSIP: 05493NAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     22957 | PA      | $22879.79     | 0.01%             | 2038-11-16      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS INC                             | PayPal Holdings Inc                                                            | CUSIP: 70450YAS2<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    167000 | PA      | $168389.44    | 0.07%             | 2028-03-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Peace Park CLO, Ltd.                            | Peace Park CLO Ltd                                                             | CUSIP: 70470MAC9<br>LEI: 549300XHXTUZ93V6SK42 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001787.00   | 0.39%             | 2034-10-20      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2021-BXMF                                                             | CUSIP: 05609RAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    242408 | PA      | $242146.21    | 0.10%             | 2026-10-15      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2022-PSB                                                              | CUSIP: 05606DAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85990 | PA      | $85940.35     | 0.03%             | 2039-08-15      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST                | WFRBS Commercial Mortgage Trust 2014-C23                                       | CUSIP: 92939HBA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    199735 | PA      | $195185.07    | 0.08%             | 2057-10-15      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| ACREC LLC                                       | Acrec 2025 Fl 3 LLC                                                            | CUSIP: 00112HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    210000 | PA      | $209217.75    | 0.08%             | 2042-08-18      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Six Flags Entertainment Corporation             | Six Flags Entertainment Corporation 2024 Term Loan B                           | CUSIP: 15018LAN1<br>LEI: 529900AS2CYWYFHRS781 | Long             | LON              | CORP              | US        |     69475 | PA      | $69622.63     | 0.03%             | 2031-05-01      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Notes                                                            | CUSIP: 912828ZE3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2841796.89   | 1.12%             | 2027-03-31      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                                 | Allegro CLO XV Ltd                                                             | CUSIP: 01749WAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $996987.00    | 0.39%             | 2038-04-20      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| 1011778 BC Unlimited Liability Company          | 1011778 BC Unlimited Liability Company 2024 Term Loan B6                       | CUSIP: 000000000<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |    189601 | PA      | $189028.05    | 0.07%             | 2030-09-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2021-LGCY                                                             | CUSIP: 12434DAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210000 | PA      | $209498.57    | 0.08%             | 2036-10-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                             | Quanta Services Inc                                                            | CUSIP: 74762EAK8<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |    295000 | PA      | $297492.75    | 0.12%             | 2027-08-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Trust 2013-GC13                                         | CUSIP: 36198EAP0<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |    138199 | PA      | $136626.28    | 0.05%             | 2046-07-10      | Variable      | 4.01%                 | No            |                  2 | On Loan: No      |
| PFP III                                         | PFP 2024-11 Ltd                                                                | CUSIP: 69291WAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    608129 | PA      | $609538.93    | 0.24%             | 2039-09-17      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                 | AREIT 2022-CRE6 Trust                                                          | CUSIP: 04002VAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    254306 | PA      | $254467.19    | 0.10%             | 2037-01-20      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                             | Elevance Health Inc                                                            | CUSIP: 036752AY9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    316000 | PA      | $325293.56    | 0.13%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                             | CUSIP: 3137FUY81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    680190 | PA      | $654600.17    | 0.26%             | 2050-05-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Inflation-Indexed Bonds                                          | CUSIP: 912810PS1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    668039 | PA      | $679338.66    | 0.27%             | 2027-01-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                  | ACHV ABS TRUST 2023-4CP                                                        | CUSIP: 00092CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     29615 | PA      | $29663.91     | 0.01%             | 2030-11-25      | Fixed         | 7.71%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust   | JP Morgan Chase Commercial Mortgage Securities Trust 2019-ICON UES             | CUSIP: 46651CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    207837 | PA      | $201270.54    | 0.08%             | 2032-05-05      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| Exeter Select Automobile Receivables Trust      | Exeter Select Automobile Receivables Trust 2025-1                              | CUSIP: 30185AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1001257.67   | 0.39%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                 | CSAIL 2015-C4 Commercial Mortgage Trust                                        | CUSIP: 12635RAX6<br>LEI: 54930025J96YEH8FQE77 | Long             | ABS-MBS          | CORP              | US        |    359035 | PA      | $357756.59    | 0.14%             | 2048-11-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                        | Omega Healthcare Investors Inc                                                 | CUSIP: 681936BK5<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              |  | US        |    220000 | PA      | $221141.80    | 0.09%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                         | American National Group Inc                                                    | CUSIP: 025676AN7<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    148000 | PA      | $151596.40    | 0.06%             | 2029-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ESSENTIAL UTILITIES INC                         | Essential Utilities Inc                                                        | CUSIP: 29670GAJ1<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |    198000 | PA      | $200170.08    | 0.08%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust           | Wells Fargo Commercial Mortgage Trust 2019-C52                                 | CUSIP: 95002MAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2574117 | PA      | $128616.75    | 0.05%             | 2052-08-15      | Variable      | 1.70%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP                             | Meritage Homes Corp                                                            | CUSIP: 59001ABD3<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |     29000 | PA      | $27967.31     | 0.01%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                         | DCP Midstream Operating LP                                                     | CUSIP: 23311VAH0<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |     68000 | PA      | $69047.20     | 0.03%             | 2029-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Asset-Backed CTFS             | Washington Mutural Asset-Backed Certificates WMABS Series 2006-HE5 Trust       | CUSIP: 93934XAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    252651 | PA      | $84282.02     | 0.03%             | 2036-10-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                  | ACHV ABS TRUST 2024-2PL                                                        | CUSIP: 00092HAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     91348 | PA      | $91506.38     | 0.04%             | 2031-10-27      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT                        | Interstate Power and Light Co                                                  | CUSIP: 461070AQ7<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |   1003000 | PA      | $975246.99    | 0.38%             | 2029-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                | CUSIP: 3140XPPG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    615876 | PA      | $621947.79    | 0.24%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2021-VIEW                                                             | CUSIP: 05606GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    269000 | PA      | $267623.81    | 0.11%             | 2036-06-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                    | NiSource Inc                                                                   | CUSIP: 65473PAS4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    489000 | PA      | $502026.96    | 0.20%             | 2029-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                      | Dynasty Acquisition Co Inc 2024 1st Lien Term Loan B1                          | CUSIP: 26812CAN6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |    176963 | PA      | $177243.25    | 0.07%             | 2031-10-31      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| EQT Corp                                        | EQT Corp                                                                       | CUSIP: 26884LAF6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     33000 | PA      | $32555.82     | 0.01%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust              | Alternative Loan Trust 2006-41CB                                               | CUSIP: 02149CAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    223868 | PA      | $111172.42    | 0.04%             | 2037-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                        | Penske Truck Leasing Co Lp / PTL Finance Corp                                  | CUSIP: 709599CB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    487000 | PA      | $498473.72    | 0.20%             | 2030-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                            | FS RIALTO                                                                      | CUSIP: 30319YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    156092 | PA      | $154940.81    | 0.06%             | 2038-05-16      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                             | Global Payments Inc                                                            | CUSIP: 37940XAN2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    116000 | PA      | $118118.16    | 0.05%             | 2029-08-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Notes                                                            | CUSIP: 912828ZV5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9060000 | PA      | $8501535.98   | 3.35%             | 2027-06-30      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                           | Amrize Finance US LLC                                                          | CUSIP: 43475RAB2<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    272000 | PA      | $274434.40    | 0.11%             | 2028-04-07      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                  | Morgan Stanley Capital I Trust 2016-UBS12                                      | CUSIP: 61691EBB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1213729 | PA      | $7584.59      | 0.00%             | 2049-12-15      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust                     | Legacy Mortgage Asset Trust 2021-GS1                                           | CUSIP: 52474JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    318997 | PA      | $318973.06    | 0.13%             | 2066-10-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2021-ARIA                                                             | CUSIP: 05608RAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $199601.34    | 0.08%             | 2036-10-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                | CUSIP: 31418EVE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    663342 | PA      | $666314.81    | 0.26%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                           | Truist Financial Corp                                                          | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    818000 | PA      | $884986.02    | 0.35%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                | CIFC Funding 2021-V Ltd                                                        | CUSIP: 12565EAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002050.00   | 0.39%             | 2038-01-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                          | Bunge Ltd Finance Corp                                                         | CUSIP: 120568BE9<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    243000 | PA      | $240327.00    | 0.09%             | 2029-09-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                  | CarVal CLO IX-C Ltd                                                            | CUSIP: 14688HAA0<br>LEI: 2549009HBUYMF23IOB57 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $501029.00    | 0.20%             | 2037-04-20      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC     | BBCMS Mortgage Trust 2025-5C34                                                 | CUSIP: 07337BAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5299842 | PA      | $263129.72    | 0.10%             | 2058-05-15      | Variable      | 1.39%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                  | Carvana Auto Receivables Trust 2023-P5                                         | CUSIP: 14687RAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20917 | PA      | $20922.55     | 0.01%             | 2027-04-12      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                | Hewlett Packard Enterprise Co                                                  | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    660000 | PA      | $656759.40    | 0.26%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| GATX Corp                                       | GATX Corp                                                                      | CUSIP: 361448BE2<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    240000 | PA      | $241833.60    | 0.10%             | 2029-04-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC                                    | Illumina Inc                                                                   | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |    205000 | PA      | $205237.80    | 0.08%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                   | UBS Commercial Mortgage Trust 2019-C16                                         | CUSIP: 90276YAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    289632 | PA      | $285255.19    | 0.11%             | 2052-04-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                  | Mariner Finance Issuance Trust 2025-A                                          | CUSIP: 567920AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $303799.12    | 0.12%             | 2038-05-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                        | Public Service Enterprise Group Inc                                            | CUSIP: 744573AW6<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    456000 | PA      | $477349.92    | 0.19%             | 2028-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                           | Truist Financial Corp                                                          | CUSIP: 89788MAH5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    606000 | PA      | $605739.42    | 0.24%             | 2026-07-28      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| Bank5                                           | BANK5 Trust 2025-5YR13                                                         | CUSIP: 06650CAM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7597550 | PA      | $322942.23    | 0.13%             | 2058-01-15      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD                              | Shackleton 2013-III CLO Ltd                                                    | CUSIP: 81881QAS5<br>LEI: 549300S9WB2KLCOJR134 | Long             | ABS-CBDO         | CORP              | KY        |     26905 | PA      | $26893.78     | 0.01%             | 2030-07-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS                          | Zimmer Biomet Holdings Inc                                                     | CUSIP: 98956PBA9<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |     92000 | PA      | $92555.68     | 0.04%             | 2027-02-19      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                        | OBX 2023-NQM10 Trust                                                           | CUSIP: 67449CAA9<br>LEI: 254900O44XNRXAW7W466 | Long             | ABS-MBS          | CORP              | US        |    541692 | PA      | $546519.34    | 0.22%             | 2063-10-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                             | American Tower Corp                                                            | CUSIP: 03027XCN8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    840000 | PA      | $852272.40    | 0.34%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                              | CUSIP: 3136BWKS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    986955 | PA      | $991165.15    | 0.39%             | 2055-06-25      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| DELTA 2 LUX SARL                                | DELTA 2 LUX SARL 2024 TERM LOAN B2                                             | CUSIP: 000000000<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |     16667 | PA      | $16714.59     | 0.01%             | 2031-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower, LLC           | Prime Security Services Borrower LLC 2025 Incremental Term Loan B              | CUSIP: 03765VAQ3<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    309225 | PA      | $307131.55    | 0.12%             | 2032-03-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ACREC LLC                                       | ACREC 2023-FL2 LLC                                                             | CUSIP: 00501BAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    171839 | PA      | $172060.64    | 0.07%             | 2038-02-19      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| MTN Commercial Mortgage Trust 2022-LPFL         | MTN Commercial Mortgage Trust 2022-LPFL                                        | CUSIP: 62475WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    280000 | PA      | $279761.00    | 0.11%             | 2039-03-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                        | Avolon Holdings Funding Ltd                                                    | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    230000 | PA      | $239724.40    | 0.09%             | 2028-05-04      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC                                | APi Group DE Inc 2025 Term Loan                                                | CUSIP: 00186XAN3<br>LEI: 549300XP4G7B4QYA0G83 | Long             | LON              | CORP              | US        |    135652 | PA      | $135835.31    | 0.05%             | 2029-01-03      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                        | Avolon Holdings Funding Ltd                                                    | CUSIP: 05401AAZ4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    525000 | PA      | $534560.25    | 0.21%             | 2030-05-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Meritage Homes Corp                             | Meritage Homes Corp                                                            | CUSIP: 59001ABA9<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    236000 | PA      | $238723.44    | 0.09%             | 2027-06-06      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CNA Financial Corp                              | CNA Financial Corp                                                             | CUSIP: 126117AV2<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78407.20     | 0.03%             | 2029-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                            | FS Rialto 2022-Fl4 Issuer LLC                                                  | CUSIP: 30326MAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250204.25    | 0.10%             | 2039-01-19      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                    | Broadcom Inc                                                                   | CUSIP: 11135FCB5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    204000 | PA      | $203251.32    | 0.08%             | 2030-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust   | JPMCC Commercial Mortgage Securities Trust 2019-COR5                           | CUSIP: 46591EAY3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1020882 | PA      | $40634.75     | 0.02%             | 2052-06-13      | Variable      | 1.61%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                          | GE HealthCare Technologies Inc                                                 | CUSIP: 36266GAA5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    638000 | PA      | $647117.02    | 0.25%             | 2029-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac Stacr Remic Trust 2025-Hqa1                                        | CUSIP: 35564NGY3<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | USGSE             | US        |   1950000 | PA      | $1946967.26   | 0.77%             | 2045-02-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                        | New York Life Global Funding                                                   | CUSIP: 64952WFF5<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36521.64     | 0.01%             | 2029-01-29      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                       | GPMT 2021-FL3 Ltd                                                              | CUSIP: 36264BAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     95890 | PA      | $94127.14     | 0.04%             | 2035-07-16      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Notes                                                            | CUSIP: 91282CCZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9632421.90   | 3.79%             | 2026-09-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                  | Pagaya AI Debt Grantor Trust 2025-1                                            | CUSIP: 69544NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    499957 | PA      | $497425.84    | 0.20%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2021-XL2                                          | CUSIP: 05609KAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    126000 | PA      | $125885.37    | 0.05%             | 2038-10-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                 | OHA Credit Funding 7 Ltd                                                       | CUSIP: 67098WAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001900.00   | 0.39%             | 2038-07-19      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                        | Western Midstream Operating LP                                                 | CUSIP: 958667AF4<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52361.50     | 0.02%             | 2029-01-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Corpay Technologies Operating Company LLC       | Corpay Technologies Operating Company LLC Term Loan B5                         | CUSIP: 33903RAZ2<br>LEI: 549300FKKKZCXLK48427 | Long             | LON              | CORP              | US        |    129504 | PA      | $129666.24    | 0.05%             | 2028-04-28      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2024-1 Ltd                                                            | CUSIP: 92920DAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501900.00    | 0.20%             | 2037-04-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                              | CUSIP: 3136ARSE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    175061 | PA      | $170625.98    | 0.07%             | 2046-03-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                | Great Wolf Trust 2024-WOLF                                                     | CUSIP: 39152MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $199883.96    | 0.08%             | 2039-03-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust          | Velocity Commercial Capital Loan Trust 2018-2                                  | CUSIP: 92259BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    134127 | PA      | $130905.43    | 0.05%             | 2048-10-26      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Walker & Dunlop, Inc.                           | Walker & Dunlop Inc 2025 Term Loan B                                           | CUSIP: 93148QAK6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     19950 | PA      | $20049.75     | 0.01%             | 2032-03-14      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2021-CIP                                          | CUSIP: 12434FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    219911 | PA      | $219794.46    | 0.09%             | 2038-12-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust     | MF1 2022-FL8 Ltd                                                               | CUSIP: 55284JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    252671 | PA      | $252669.99    | 0.10%             | 2037-02-19      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                              | CUSIP: 3136B2EN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    139322 | PA      | $134374.57    | 0.05%             | 2048-06-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                              | Coterra Energy Inc                                                             | CUSIP: 127097AK9<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17817.48     | 0.01%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                   | UBS Commercial Mortgage Trust 2017-C7                                          | CUSIP: 90276WAQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    380565 | PA      | $376934.97    | 0.15%             | 2050-12-15      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                    | State Street Institutional US Government Money Market Fund                     | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   4659802 | NS      | $4659802.01   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpire Capital, Inc                        | BRSP 2021-FL1 Ltd                                                              | CUSIP: 05591XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    144683 | PA      | $143257.18    | 0.06%             | 2038-08-19      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                       | ONEOK Inc                                                                      | CUSIP: 682680CQ4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    480000 | PA      | $490204.80    | 0.19%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust           | Wells Fargo Commercial Mortgage Trust 2019-C51                                 | CUSIP: 95001VAV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    862862 | PA      | $36075.41     | 0.01%             | 2052-06-15      | Variable      | 1.41%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX 2021-LBA3 Mortgage Trust                                                    | CUSIP: 05609PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210000 | PA      | $209541.99    | 0.08%             | 2036-10-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Bills                                                            | CUSIP: 912797PG6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   6000000 | PA      | $5979266.46   | 2.35%             | 2025-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2021-RISE                                                             | CUSIP: 12434EAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    194426 | PA      | $194091.72    | 0.08%             | 2036-11-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Company LLC                   | Vistra Operations Company LLC 1st Lien Term Loan B3                            | CUSIP: 88233FAK6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | LON              | CORP              | US        |    104915 | PA      | $105304.90    | 0.04%             | 2030-12-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| VIDEOTRON LTD / LTEE                            | Videotron Ltd                                                                  | CUSIP: 92660FAK0<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    651000 | PA      | $651071.61    | 0.26%             | 2027-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Lamar Media Corporation                         | Lamar Media Corporation 2020 Term Loan B                                       | CUSIP: 513076BB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    175000 | PA      | $175109.38    | 0.07%             | 2027-02-05      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| MARS INC                                        | Mars Inc                                                                       | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    562000 | PA      | $569339.72    | 0.22%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS                          | Zimmer Biomet Holdings Inc                                                     | CUSIP: 98956PBB7<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |    277000 | PA      | $283922.23    | 0.11%             | 2030-02-19      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ESSENTIAL UTILITIES INC                         | Essential Utilities Inc                                                        | CUSIP: 03836WAB9<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9694.00      | 0.00%             | 2029-05-01      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                | CUSIP: 3140W1TA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1023594 | PA      | $1025248.04   | 0.40%             | 2055-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Corp Trust 2021-STAR                                    | CUSIP: 36264LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210000 | PA      | $208957.36    | 0.08%             | 2036-12-15      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| KREF 2022-Fl3 Ltd                               | KREF 2022-FL3 Ltd                                                              | CUSIP: 48275EAA4<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |    153628 | PA      | $153579.08    | 0.06%             | 2039-02-17      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2021-21M                                          | CUSIP: 05609CAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     53851 | PA      | $53824.43     | 0.02%             | 2036-10-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Notes                                                            | CUSIP: 91282CBJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15500000 | PA      | $14379882.89  | 5.66%             | 2028-01-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                         | BDS 2022-FL11 LLC                                                              | CUSIP: 054980AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    166679 | PA      | $166640.30    | 0.07%             | 2039-03-19      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                           | Wells Fargo & Co                                                               | CUSIP: 95000U3M3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    482000 | PA      | $484646.18    | 0.19%             | 2028-04-22      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2021-XL2                                          | CUSIP: 05609KAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    246071 | PA      | $245653.37    | 0.10%             | 2038-10-15      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                | CUSIP: 3140W0V28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    975927 | PA      | $977655.29    | 0.38%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLFLEET CLO LTD                               | Wellfleet CLO 2020-2 Ltd                                                       | CUSIP: 94950AAN0<br>LEI: 254900T94H3OWOGPUI54 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999600.00    | 0.39%             | 2034-07-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                            | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    381000 | PA      | $386071.11    | 0.15%             | 2029-01-24      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                 | CFCRE Commercial Mortgage Trust 2016-C7                                        | CUSIP: 12532BAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    270000 | PA      | $266204.58    | 0.10%             | 2054-12-10      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                  | Carvana Auto Receivables Trust 2024-P3                                         | CUSIP: 146919AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $299613.36    | 0.12%             | 2030-09-10      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| VERALTO CORP                                    | Veralto Corp                                                                   | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    509000 | PA      | $515102.91    | 0.20%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust             | GS Mortgage-Backed Securities Trust 2025-NQM2                                  | CUSIP: 36272EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $602165.52    | 0.24%             | 2065-06-25      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                     | SREIT Trust 2021-IND                                                           | CUSIP: 78473JAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $199128.75    | 0.08%             | 2038-10-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                        | Western Midstream Operating LP                                                 | CUSIP: 958667AC1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    307000 | PA      | $295398.47    | 0.12%             | 2030-02-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                         | American Electric Power Co Inc                                                 | CUSIP: 025537AY7<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    632000 | PA      | $648292.96    | 0.26%             | 2029-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                | Trestles CLO VI Ltd                                                            | CUSIP: 894940AQ8<br>LEI: 254900837GHK5VH7YU15 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498765.00    | 0.20%             | 2038-04-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                     | Extended Stay America Trust 2021-ESH                                           | CUSIP: 30227FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    257318 | PA      | $257229.82    | 0.10%             | 2038-07-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                      | Affirm Asset Securitization Trust 2024-X1                                      | CUSIP: 00834XAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50961 | PA      | $51004.19     | 0.02%             | 2029-05-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                | SoFi Consumer Loan Program 2025-1 Trust                                        | CUSIP: 83406YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $757586.28    | 0.30%             | 2034-02-27      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TTAN                                            | TTAN 2021-MHC                                                                  | CUSIP: 87303TAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    261475 | PA      | $261350.40    | 0.10%             | 2038-03-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc                        | BRSP 2024-FL2 Ltd                                                              | CUSIP: 05613BAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    219000 | PA      | $218973.94    | 0.09%             | 2037-08-19      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2025-ROIC                                                             | CUSIP: 05593VAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    230000 | PA      | $227816.22    | 0.09%             | 2030-03-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2024-3                                              | CUSIP: 92540MAA3<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-MBS          | CORP              | US        |    407256 | PA      | $410609.46    | 0.16%             | 2069-04-25      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| Axalta Coating Systems U.S. Holdings, Inc.      | Axalta Coating Systems US Holdings Inc 2024 Term Loan B                        | CUSIP: 90347BAP3<br>LEI: 549300NZ43V4QV4UGN28 | Long             | LON              | CORP              | US        |     49784 | PA      | $50012.57     | 0.02%             | 2029-12-20      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                          | Santander Holdings USA Inc                                                     | CUSIP: 80282KBN5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    309000 | PA      | $314058.33    | 0.12%             | 2029-03-20      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Avery Dennison Corp                             | Avery Dennison Corp                                                            | CUSIP: 053611AJ8<br>LEI: 549300PW7VPFCYKLIV37 | Long             | DBT              | CORP              | US        |     52000 | PA      | $52787.80     | 0.02%             | 2028-12-06      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                            | National Fuel Gas Co                                                           | CUSIP: 636180BT7<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    238000 | PA      | $244497.40    | 0.10%             | 2030-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2024-6                                              | CUSIP: 92540JAC6<br>LEI: 213800278TKDEXPH6140 | Long             | ABS-MBS          | CORP              | US        |    259700 | PA      | $260728.90    | 0.10%             | 2069-07-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| Space Coast Credit Union                        | SCCU Auto Receivables Trust 2024-1                                             | CUSIP: 78436RAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    223252 | PA      | $223643.16    | 0.09%             | 2027-12-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                               | HERC HOLDINGS INC TERM LOAN B                                                  | CUSIP: 000000000<br>LEI: 549300TP80QLITMSBP82 | Long             | LON              | CORP              | US        |     20000 | PA      | $20100.00     | 0.01%             | 2032-06-02      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                  | Upgrade Master Pass-Thru Trust Series 2025-ST4                                 | CUSIP: 91533MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000241.00   | 0.39%             | 2032-08-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Laurel Road Prime Student Loan Trust            | Laurel Road Prime Student Loan Trust 2019-A                                    | CUSIP: 51889RAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2075 | PA      | $2074.60      | 0.00%             | 2048-10-25      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| ReadyCap Commercial Mortgage Trust              | Ready Capital Mortgage Financing 2021-FL7 LLC                                  | CUSIP: 75575WAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    120294 | PA      | $120228.66    | 0.05%             | 2036-11-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                              | CUSIP: 31398SXN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     97750 | PA      | $96874.36     | 0.04%             | 2040-12-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2023-5                                              | CUSIP: 924934AA0<br>LEI: 984500BADC7CFE3B0756 | Long             | ABS-MBS          | CORP              | US        |    662595 | PA      | $666126.62    | 0.26%             | 2068-06-25      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                         | Hyundai Capital America                                                        | CUSIP: 44891ADG9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    344000 | PA      | $341062.24    | 0.13%             | 2029-09-26      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                           | Northrop Grumman Corp                                                          | CUSIP: 666807CN0<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    524000 | PA      | $528747.44    | 0.21%             | 2030-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                            | FS Rialto 2021-FL3                                                             | CUSIP: 30323CAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    165586 | PA      | $164925.26    | 0.06%             | 2036-11-16      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization | Credit-Based Asset Servicing and Securitization LLC                            | CUSIP: 17307GLP1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    419650 | PA      | $378819.03    | 0.15%             | 2034-10-25      | Floating      | 3.58%                 | No            |                  2 | On Loan: No      |
| ATLASSIAN CORPORATION                           | Atlassian Corp                                                                 | CUSIP: 049468AA9<br>LEI: 549300V7ZY5P02D2MY38 | Long             | DBT              | CORP              | US        |    233000 | PA      | $239169.84    | 0.09%             | 2029-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER                         | Laboratory Corp of America Holdings                                            | CUSIP: 50540RAZ5<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    342000 | PA      | $339660.72    | 0.13%             | 2030-04-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                 | AREIT 2025-CRE10 Ltd                                                           | CUSIP: 00193DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    320000 | PA      | $315958.72    | 0.12%             | 2029-12-17      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                             | Sherwin-Williams Co/The                                                        | CUSIP: 824348BS4<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    111000 | PA      | $111972.36    | 0.04%             | 2028-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                              | Wind River 2021-4 CLO Ltd                                                      | CUSIP: 97316UAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500000.00   | 0.59%             | 2035-01-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| GATX CORP                                       | GATX Corp                                                                      | CUSIP: 361448BF9<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13624.52     | 0.01%             | 2030-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Merit                                           | MHP 2022-MHIL                                                                  | CUSIP: 55293DAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     79658 | PA      | $79444.71     | 0.03%             | 2039-01-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                             | CUSIP: 3137BHKL0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    308797 | PA      | $292900.41    | 0.12%             | 2043-12-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                        | OBX 2025-NQM7 Trust                                                            | CUSIP: 67121DAA2<br>LEI: 2549008GB179CC65SK60 | Long             | ABS-MBS          | CORP              | US        |   3868083 | PA      | $3890378.23   | 1.53%             | 2055-05-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                               | PRPM 2025-NQM2 Trust                                                           | CUSIP: 693983AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3817655 | PA      | $3817857.79   | 1.50%             | 2070-04-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                      | AbbVie Inc                                                                     | CUSIP: 00287YDZ9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    191000 | PA      | $195645.12    | 0.08%             | 2030-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                        | Microchip Technology Inc                                                       | CUSIP: 595017BA1<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    238000 | PA      | $237716.78    | 0.09%             | 2025-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                           | Uber Technologies Inc                                                          | CUSIP: 90353TAG5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    115000 | PA      | $115615.25    | 0.05%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                        | Targa Resources Partners LP / Targa Resources Partners Finance Corp            | CUSIP: 87612BBL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    131000 | PA      | $131085.15    | 0.05%             | 2027-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust                   | BLP Commercial Mortgage Trust 2024-IND2                                        | CUSIP: 05625AAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    237207 | PA      | $237437.54    | 0.09%             | 2041-03-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                     | SREIT Trust 2021-MFP                                                           | CUSIP: 78472UAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    151830 | PA      | $151736.52    | 0.06%             | 2038-11-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC                                      | Biogen Inc                                                                     | CUSIP: 09062XAN3<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    483000 | PA      | $491689.17    | 0.19%             | 2031-01-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust   | JPMCC Commercial Mortgage Securities Trust 2019-COR4                           | CUSIP: 48128YAX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    387709 | PA      | $385086.79    | 0.15%             | 2052-03-10      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                 | CSAIL 2017-CX10 Commercial Mortgage Trust                                      | CUSIP: 12595JAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    715040 | PA      | $10348.46     | 0.00%             | 2050-11-15      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| MILEAGE PLUS HLDINGS LLC                        | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd      | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    784400 | PA      | $786039.40    | 0.31%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                          | Marlette Funding Trust 2024-1                                                  | CUSIP: 57108VAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     92510 | PA      | $92624.34     | 0.04%             | 2034-07-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                | Bain Capital Credit CLO 2022-6 Ltd                                             | CUSIP: 05685LAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $500900.00    | 0.20%             | 2038-01-22      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Marble Point CLO XXI Ltd.                       | Marble Point CLO XXI Ltd                                                       | CUSIP: 56606KAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2004058.00   | 0.79%             | 2034-10-17      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Calpine Corporation                             | Calpine Corporation 2024 Term Loan B10                                         | CUSIP: 13134MBW2<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | LON              | CORP              | US        |    112435 | PA      | $112550.00    | 0.04%             | 2031-01-31      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust           | Wells Fargo Commercial Mortgage Trust 2025-C64                                 | CUSIP: 95004BAX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2242659 | PA      | $159046.30    | 0.06%             | 2058-02-15      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                           | Athene Global Funding                                                          | CUSIP: 04685A4C2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    763000 | PA      | $760794.93    | 0.30%             | 2029-10-08      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Brown & Brown Inc                               | Brown & Brown Inc                                                              | CUSIP: 115236AB7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74946.75     | 0.03%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ACREC 2021-FL1 Ltd.                             | ACREC 2021-FL1 Ltd                                                             | CUSIP: 00500RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    184792 | PA      | $184348.96    | 0.07%             | 2036-10-16      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Froneri Lux Finco Sarl                          | Froneri Lux Finco Sarl 2024 USD Term Loan B4                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    179697 | PA      | $178125.18    | 0.07%             | 2031-09-30      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                           | American Homes 4 Rent LP                                                       | CUSIP: 02666TAA5<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |    167000 | PA      | $166029.73    | 0.07%             | 2028-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                              | BMO 2024-5C5 Mortgage Trust                                                    | CUSIP: 05593RAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3592149 | PA      | $144804.76    | 0.06%             | 2057-02-15      | Variable      | 1.39%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust     | MF1 2025-FL17 LLC                                                              | CUSIP: 55287HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    320000 | PA      | $319010.88    | 0.13%             | 2040-02-18      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| APA CORP                                        | APA Corp                                                                       | CUSIP: 03743QAF5<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |    267000 | PA      | $255396.18    | 0.10%             | 2030-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                              | CUSIP: 3136AUDH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    661102 | PA      | $651978.11    | 0.26%             | 2046-11-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Element Solutions Inc                           | Element Solutions Inc 2023 Term Loan B                                         | CUSIP: 72766TAH2<br>LEI: 549300FLGN6P5CU20J91 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2030-12-18      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                   | AppLovin Corp                                                                  | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    303000 | PA      | $307090.50    | 0.12%             | 2029-12-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage Trust              | STWD 2022-FL3 Ltd                                                              | CUSIP: 78485KAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    165248 | PA      | $164653.69    | 0.06%             | 2038-11-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortgage Trust         | DBJPM 20-C9 Mortgage Trust                                                     | CUSIP: 233063AF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    154622 | PA      | $153405.15    | 0.06%             | 2053-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2024-9                                              | CUSIP: 92540RAC8<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |    933472 | PA      | $934041.44    | 0.37%             | 2069-11-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| JACOBS ENGINEERING GROUP                        | Jacobs Engineering Group Inc                                                   | CUSIP: 469814AB3<br>LEI: 549300CZ8QS1GE53O776 | Long             | DBT              | CORP              | US        |    762000 | PA      | $801326.82    | 0.32%             | 2028-08-18      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                          | Williams Cos Inc/The                                                           | CUSIP: 969457CL2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    335000 | PA      | $339214.30    | 0.13%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                     | SREIT Trust 2021-MFP2                                                          | CUSIP: 85236WCE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260000 | PA      | $259600.43    | 0.10%             | 2036-11-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust          | GreenSky Home Improvement Issuer Trust 2025-1                                  | CUSIP: 39571NAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    469719 | PA      | $473503.37    | 0.19%             | 2060-03-25      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pass-Through CTFS    | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2005-8 Trust | CUSIP: 93934FCQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    228721 | PA      | $214588.01    | 0.08%             | 2035-10-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Bank                                            | BANK 2017-BNK6                                                                 | CUSIP: 060352AG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    851095 | PA      | $10345.66     | 0.00%             | 2060-07-15      | Variable      | 0.92%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2021-SOAR                                         | CUSIP: 05608WAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    184115 | PA      | $184067.11    | 0.07%             | 2038-06-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Standard Industries Inc                         | Standard Industries Inc 2021 Term Loan B                                       | CUSIP: 85350EAB2<br>LEI: 54930064UHXCIUWVI755 | Long             | LON              | CORP              | US        |     68981 | PA      | $69225.65     | 0.03%             | 2028-09-22      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                        | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                      | CUSIP: 00774MBC8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    371000 | PA      | $383918.22    | 0.15%             | 2028-06-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc               | Citigroup Mortgage Loan Trust 2007-AR8                                         | CUSIP: 17313FAR3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | ABS-MBS          | CORP              | US        |   2510212 | PA      | $2037571.14   | 0.80%             | 2037-07-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| NGPL PipeCo LLC                                 | NGPL PipeCo LLC                                                                | CUSIP: 62912XAF1<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |    369000 | PA      | $367214.04    | 0.14%             | 2027-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                            | WMG Acquisition Corp 2024 Term Loan J                                          | CUSIP: 92929LBA5<br>LEI: 549300NAS11NXI33CP80 | Long             | LON              | CORP              | US        |    110000 | PA      | $110412.50    | 0.04%             | 2031-01-24      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                           | Wells Fargo & Co                                                               | CUSIP: 95000U3G6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    229000 | PA      | $242064.45    | 0.10%             | 2029-10-23      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO                              | Sonoco Products Co                                                             | CUSIP: 835495AQ5<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |    193000 | PA      | $192816.65    | 0.08%             | 2026-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                         | Dell International LLC / EMC Corp                                              | CUSIP: 24703DBP5<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    495000 | PA      | $490871.70    | 0.19%             | 2030-02-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| LFT CRE LLC                                     | LFT CRE 2021-FL1 Ltd                                                           | CUSIP: 50203JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    138200 | PA      | $138026.19    | 0.05%             | 2039-06-15      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust     | MF1 2021-FL7 Ltd                                                               | CUSIP: 55284AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    120247 | PA      | $120129.78    | 0.05%             | 2036-10-16      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust           | Wells Fargo Commercial Mortgage Trust 2021-SAVE                                | CUSIP: 95003LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     26171 | PA      | $26173.09     | 0.01%             | 2040-02-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Regatta VI Funding Ltd.                         | Regatta VI Funding Ltd                                                         | CUSIP: 75887NAW9<br>LEI: 2549001NU08X5ZRD6A39 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999700.00    | 0.39%             | 2034-04-20      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                           | Republic Services Inc                                                          | CUSIP: 760759BL3<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    479000 | PA      | $488005.20    | 0.19%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                  | CarVal CLO IV Ltd                                                              | CUSIP: 14687EAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499850.00    | 0.20%             | 2034-07-20      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                             | CUSIP: 3137FTUF2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    775932 | PA      | $753403.40    | 0.30%             | 2050-06-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Avant Loans Funding Trust                       | Avant Loans Funding Trust 2025-REV1                                            | CUSIP: 05352BAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251051.67    | 0.10%             | 2034-05-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                            | Glencore Funding LLC                                                           | CUSIP: 378272BY3<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     99000 | PA      | $99967.23     | 0.04%             | 2028-04-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                             | Cardinal Health Inc                                                            | CUSIP: 14149YBN7<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    231000 | PA      | $236775.00    | 0.09%             | 2029-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Loanpal Solar Loan Ltd.                         | Loanpal Solar Loan 2021-1 Ltd                                                  | CUSIP: 53948PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    266752 | PA      | $221207.37    | 0.09%             | 2048-01-20      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                          | Rockford Tower CLO 2024-1 Ltd                                                  | CUSIP: 77342BAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004803.00   | 0.40%             | 2037-04-20      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                  | Fannie Mae-Aces                                                                | CUSIP: 3136BCC73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    884496 | PA      | $815902.92    | 0.32%             | 2030-11-25      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| DARDEN RESTAURANTS INC                          | Darden Restaurants Inc                                                         | CUSIP: 237194AP0<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140294.00    | 0.06%             | 2027-10-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                        | EQT Corp                                                                       | CUSIP: 26884LAG4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     51000 | PA      | $55229.43     | 0.02%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Bank5                                           | BANK5 2024-5YR10                                                               | CUSIP: 06604AAM6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    195000 | PA      | $199720.27    | 0.08%             | 2057-10-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2018-GW                                                               | CUSIP: 12433UAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $199528.78    | 0.08%             | 2035-05-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                                 | HGI CRE CLO 2021-FL2 Ltd                                                       | CUSIP: 40390JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    213075 | PA      | $212384.28    | 0.08%             | 2036-09-17      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortgage Trust         | DBJPM 20-C9 Mortgage Trust                                                     | CUSIP: 233063AM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $329097.49    | 0.13%             | 2053-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                       | IQVIA Inc 2025 Repriced Term Loan B                                            | CUSIP: 44969CBP4<br>LEI: 549300PLWY28YB00C717 | Long             | LON              | CORP              | US        |    124375 | PA      | $125055.33    | 0.05%             | 2031-01-02      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| 280 Park Avenue Mortgage Trust                  | 280 Park Avenue 2017-280P Mortgage Trust                                       | CUSIP: 90205FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $198126.98    | 0.08%             | 2034-09-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| ELP 2021-ELP                                    | ELP Commercial Mortgage Trust 2021-ELP                                         | CUSIP: 26863LAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    279674 | PA      | $279286.60    | 0.11%             | 2038-11-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Diamond Resorts Owner Trust                     | Diamond Resorts Owner Trust 2021-1                                             | CUSIP: 25273CAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    195313 | PA      | $193792.51    | 0.08%             | 2033-11-21      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                         | MPLX LP                                                                        | CUSIP: 55336VAS9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    480000 | PA      | $484478.40    | 0.19%             | 2029-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                            | Bank of America Corp                                                           | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    477000 | PA      | $483926.04    | 0.19%             | 2029-01-24      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust   | JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP2                  | CUSIP: 46590MAR1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $833402.93    | 0.33%             | 2049-08-15      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust             | GS Mortgage-Backed Securities Trust 2025-NQM2                                  | CUSIP: 36272EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $601435.85    | 0.24%             | 2065-06-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust     | MF1 Multifamily Housing Mortgage Loan Trust                                    | CUSIP: 55282XAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    131132 | PA      | $130818.08    | 0.05%             | 2036-07-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                 | CSAIL 2017-CX9 Commercial Mortgage Trust                                       | CUSIP: 12595FAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    896443 | PA      | $6328.97      | 0.00%             | 2050-09-15      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| VEGAS Trust                                     | VEGAS Trust 2024-TI                                                            | CUSIP: 92254AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    146000 | PA      | $147882.69    | 0.06%             | 2039-11-10      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                          | Aviation Capital Group LLC                                                     | CUSIP: 05369AAN1<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |     77000 | PA      | $80193.96     | 0.03%             | 2028-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                              | Energy Transfer LP                                                             | CUSIP: 29273VAR1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    566000 | PA      | $577925.62    | 0.23%             | 2026-12-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL                          | American International Group Inc                                               | CUSIP: 026874DW4<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    263000 | PA      | $267131.73    | 0.11%             | 2030-05-07      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                          | Extra Space Storage LP                                                         | CUSIP: 30225VAK3<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |    960000 | PA      | $995558.40    | 0.39%             | 2030-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd | Arbor Realty Commercial Real Estate Notes 2022-FL1 Ltd                         | CUSIP: 03880XAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    200631 | PA      | $200608.96    | 0.08%             | 2037-01-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| EQUS 2021-EQAZ Mortgage Trust                   | EQUS 2021-EQAZ Mortgage Trust                                                  | CUSIP: 29478JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    180980 | PA      | $180922.66    | 0.07%             | 2038-10-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Burlington Coat Factory Warehouse Corporation   | Burlington Coat Factory Warehouse Corporation 2024 Term Loan B                 | CUSIP: 121575AL8<br>LEI: 549300SIFDMGE3Y2SW49 | Long             | LON              | CORP              | US        |    124285 | PA      | $123973.86    | 0.05%             | 2031-09-24      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                    | Wyndham Hotels & Resorts Inc 2024 Term Loan                                    | CUSIP: 98310CAF9<br>LEI: 549300FE3MQ4RVXXC673 | Long             | LON              | CORP              | US        |     99184 | PA      | $99697.31     | 0.04%             | 2030-05-24      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                        | Targa Resources Partners LP / Targa Resources Partners Finance Corp            | CUSIP: 87612BBN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    358000 | PA      | $365281.72    | 0.14%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                      | Fiserv Inc                                                                     | CUSIP: 337738BM9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    764000 | PA      | $769844.60    | 0.30%             | 2030-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2024-HQA1                                        | CUSIP: 35564NBX0<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | USGSE             | US        |   1006875 | PA      | $1009170.66   | 0.40%             | 2044-03-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                      | ROCK Trust 2024-CNTR                                                           | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    146000 | PA      | $149202.20    | 0.06%             | 2041-11-13      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                              | BSPRT 2021-FL7 Issuer Ltd                                                      | CUSIP: 05602CAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     63808 | PA      | $63663.49     | 0.03%             | 2038-12-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                             | Resideo Funding Inc 2024 M&A 1st lien Term Loan B                              | CUSIP: 76090LAK0<br>LEI: 5493000IFJ6XJKH66598 | Long             | LON              | CORP              | US        |     44662 | PA      | $44676.57     | 0.02%             | 2031-06-13      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                        | OBX 2024-NQM16 Trust                                                           | CUSIP: 67120GAA6<br>LEI: 254900AIRPH5Q5COT575 | Long             | ABS-MBS          | CORP              | US        |    840415 | PA      | $842059.13    | 0.33%             | 2064-10-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LLC                 | Aligned Data Centers Issuer LLC                                                | CUSIP: 01627AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $483247.45    | 0.19%             | 2046-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust           | Wells Fargo Commercial Mortgage Trust 2022-ONL                                 | CUSIP: 95003WAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $471901.43    | 0.19%             | 2039-12-15      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                              | CUSIP: 31396YGR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    738051 | PA      | $733894.82    | 0.29%             | 2038-02-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| CPI HOLDCO B LLC                                | CPI Holdco B LLC 2024 Term Loan                                                | CUSIP: 1261MAAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    239383 | PA      | $238963.83    | 0.09%             | 2031-05-19      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Boardwalk Pipelines LP                          | Boardwalk Pipelines LP                                                         | CUSIP: 096630AF5<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |    161000 | PA      | $160980.68    | 0.06%             | 2027-07-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                   | DTE Energy Co                                                                  | CUSIP: 233331BN6<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    283000 | PA      | $289741.06    | 0.11%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                | Ryder System Inc                                                               | CUSIP: 78355HKW8<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15387.15     | 0.01%             | 2028-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust     | MF1 2021-FL6 Ltd                                                               | CUSIP: 55283TAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     49958 | PA      | $49919.98     | 0.02%             | 2036-07-16      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                  | Morgan Stanley Capital I Trust 2021-L6                                         | CUSIP: 61692CAX6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142409 | PA      | $135111.17    | 0.05%             | 2054-06-15      | Variable      | 2.13%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust           | Wells Fargo Commercial Mortgage Trust 2019-C53                                 | CUSIP: 95002BAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    399328 | PA      | $389943.36    | 0.15%             | 2052-10-15      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                  | NRG Energy Inc 2024 Term Loan                                                  | CUSIP: 62937NBC0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | LON              | CORP              | US        |    190998 | PA      | $191594.56    | 0.08%             | 2031-04-16      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trust                 | Residential Mortgage Loan Trust 2020-1                                         | CUSIP: 76119CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    156657 | PA      | $154303.11    | 0.06%             | 2060-01-26      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                  | MSC Trust 2021-ILP                                                             | CUSIP: 62479WAA9<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |    180403 | PA      | $180258.93    | 0.07%             | 2036-11-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                                      | MasTec Inc                                                                     | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    501000 | PA      | $494276.58    | 0.19%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                        | Capital One Financial Corp                                                     | CUSIP: 14040HCU7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    677000 | PA      | $676972.92    | 0.27%             | 2026-07-24      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers Issuer, LLC       | Retained Vantage Data Centers Issuer LLC                                       | CUSIP: 76134KAA2<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $248213.43    | 0.10%             | 2048-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                  | Pagaya AI Debt Trust 2023-8                                                    | CUSIP: 694960AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    274331 | PA      | $276315.61    | 0.11%             | 2031-06-16      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                | CUSIP: 3140QWCK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    625403 | PA      | $631191.31    | 0.25%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2018-B1 Mortgage Trust                                               | CUSIP: 08162PAY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1427795 | PA      | $14065.56     | 0.01%             | 2051-01-15      | Variable      | 0.67%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2022-3                                              | CUSIP: 92538UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    625368 | PA      | $593628.55    | 0.23%             | 2067-02-25      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust             | Citigroup Commercial Mortgage Trust 2016-P3                                    | CUSIP: 29429CAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    254944 | PA      | $252293.95    | 0.10%             | 2049-04-15      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                        | Devon Energy Corp                                                              | CUSIP: 25179MBD4<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     76000 | PA      | $76143.64     | 0.03%             | 2027-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                          | CenterPoint Energy Inc                                                         | CUSIP: 15189TBG1<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155203.50    | 0.06%             | 2029-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                          | Marvell Technology Inc                                                         | CUSIP: 573874AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    191000 | PA      | $198781.34    | 0.08%             | 2029-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                      | Dynasty Acquisition Co Inc 2024 1st Lien Term Loan B2                          | CUSIP: 26812CAP1<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |     67311 | PA      | $67417.68     | 0.03%             | 2031-10-31      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2019-B15 Mortgage Trust                                              | CUSIP: 08160KAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3796916 | PA      | $107530.94    | 0.04%             | 2072-12-15      | Variable      | 0.92%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTERNATIONAL INC                    | SOMNIGROUP INTERNATIONAL INC TERM LOAN B                                       | CUSIP: 88025BAP6<br>LEI: 549300HFEKVR3US71V91 | Long             | LON              | CORP              | US        |    121305 | PA      | $121709.11    | 0.05%             | 2031-10-24      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust   | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-NLP                | CUSIP: 466317AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    183541 | PA      | $181360.18    | 0.07%             | 2037-04-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Wellington Management CLO                       | Wellington Management Clo 4 Ltd                                                | CUSIP: 94957LAA7<br>LEI: 213800VJVBC3KZIDZU56 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $997493.00    | 0.39%             | 2038-04-18      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Bank                                            | BANK 2020-BNK26                                                                | CUSIP: 06540JBM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1245230 | PA      | $52320.24     | 0.02%             | 2063-03-15      | Variable      | 1.31%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                | Ryder System Inc                                                               | CUSIP: 78355HLC1<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |     69000 | PA      | $70198.53     | 0.03%             | 2029-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                            | Bank of America Corp                                                           | CUSIP: 06051GLA5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     44000 | PA      | $44000.44     | 0.02%             | 2026-07-22      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                         | Corebridge Global Funding                                                      | CUSIP: 00138CAU2<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    309000 | PA      | $312939.75    | 0.12%             | 2026-07-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INCREF LLC                                      | INCREF LLC                                                                     | CUSIP: 45339NAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    390000 | PA      | $390913.38    | 0.15%             | 2042-10-19      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC                           | Arrow Electronics Inc                                                          | CUSIP: 04273WAF8<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |    384000 | PA      | $390289.92    | 0.15%             | 2029-08-21      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA                          | Goldman Sachs Bank USA/New York NY                                             | CUSIP: 38151LAE0<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |    364000 | PA      | $364364.00    | 0.14%             | 2027-03-18      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                        | JP Morgan Mortgage Trust Series 2025-NQM1                                      | CUSIP: 46593QAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1051969 | PA      | $1056991.30   | 0.42%             | 2065-06-25      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                        | BXMT 2021-FL4 Ltd                                                              | CUSIP: 05609GAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     86835 | PA      | $86429.96     | 0.03%             | 2038-05-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Asplundh Tree Expert LLC                        | Asplundh Tree Expert LLC 2021 Term Loan B                                      | CUSIP: 04538FAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2027-09-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                          | VICI Properties LP / VICI Note Co Inc                                          | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              |  | US        |    699000 | PA      | $694680.18    | 0.27%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage Trust              | STWD 2021-FL2 Ltd                                                              | CUSIP: 78486BAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    402660 | PA      | $400410.35    | 0.16%             | 2038-04-18      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                   | UBS Commercial Mortgage Trust 2018-C11                                         | CUSIP: 90276XAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    201048 | PA      | $200007.15    | 0.08%             | 2051-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                                | BAT Capital Corp                                                               | CUSIP: 05526DBN4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     23000 | PA      | $23307.28     | 0.01%             | 2030-04-02      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                     | STWD Trust 2021-FLWR                                                           | CUSIP: 78485GAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    160000 | PA      | $159766.73    | 0.06%             | 2036-07-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                             | CUSIP: 3137HHFS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    354654 | PA      | $352990.82    | 0.14%             | 2054-11-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust   | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC                  | CUSIP: 466330AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    181849 | PA      | $181819.31    | 0.07%             | 2038-04-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Trust 2017-GS7                                          | CUSIP: 36254CAX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    365447 | PA      | $6023.35      | 0.00%             | 2050-08-10      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I      | Research-Driven Pagaya Motor Asset Trust 2025-1                                | CUSIP: 76089YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    716022 | PA      | $714581.21    | 0.28%             | 2033-06-27      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer, Ltd.                           | LoanCore 2025 2025-CRE8 Issuer LLC                                             | CUSIP: 53947FAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    320000 | PA      | $316493.44    | 0.12%             | 2042-08-17      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust             | Citigroup Commercial Mortgage Trust 2016-GC37                                  | CUSIP: 17290XAY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    356491 | PA      | $1494.07      | 0.00%             | 2049-04-10      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC     | Barclays Commercial Mortgage Trust 2019-C3                                     | CUSIP: 05550MAT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    363096 | PA      | $357688.55    | 0.14%             | 2052-05-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| LoanCore 2022-CRE7 Issuer Ltd.                  | LoanCore 2022-CRE7 Issuer Ltd                                                  | CUSIP: 53946PAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    409247 | PA      | $409013.40    | 0.16%             | 2037-01-17      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                              | Coterra Energy Inc                                                             | CUSIP: 127097AG8<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |     29000 | PA      | $28643.88     | 0.01%             | 2027-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Notes                                                            | CUSIP: 91282CCF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14500000 | PA      | $14071796.88  | 5.54%             | 2026-05-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Katayma CLO Ltd                                 | Katayma CLO II Ltd                                                             | CUSIP: 485862AA4<br>LEI: 254900HW0KYG9AOGVP97 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $501750.00    | 0.20%             | 2037-04-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                        | Madison Park Funding LXIII Ltd                                                 | CUSIP: 55817GAN1<br>LEI: 549300XQII222AK58E79 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2009100.00   | 0.79%             | 2038-07-21      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Storm King Park CLO, Ltd                        | Storm King Park CLO LTD                                                        | CUSIP: 86217RAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1002762.00   | 0.39%             | 2037-10-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| SLAM LLC                                        | Slam Ltd                                                                       | CUSIP: 83100AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    333383 | PA      | $335509.46    | 0.13%             | 2049-09-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-5                                              | CUSIP: 92540XAA9<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003182.64   | 0.39%             | 2070-06-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2025-DNA1                                        | CUSIP: 35564NFZ1<br>LEI: 529900WZAMS87JCAOC53 | Long             | ABS-MBS          | USGSE             | US        |   1063471 | PA      | $1064028.58   | 0.42%             | 2045-01-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                             | CUSIP: 3137HL4A7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    870706 | PA      | $871322.36    | 0.34%             | 2055-05-25      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Avant Loans Funding Trust                       | Avant Loans Funding Trust 2024-REV1                                            | CUSIP: 05352UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $252843.63    | 0.10%             | 2033-10-15      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                             | CUSIP: 3137APJB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20491 | PA      | $20304.34     | 0.01%             | 2027-04-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                            | Kyndryl Holdings Inc                                                           | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    218000 | PA      | $211257.26    | 0.08%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC                        | Agilent Technologies Inc                                                       | CUSIP: 00846UAQ4<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24995.50     | 0.01%             | 2027-09-09      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Avant Loans Funding Trust                       | Avant Loans Funding Trust 2025-REV1                                            | CUSIP: 05352BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $749826.30    | 0.30%             | 2034-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Trans Union LLC                                 | Trans Union LLC 2024 Term Loan B8                                              | CUSIP: 89334GBF0<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |     37309 | PA      | $37398.50     | 0.01%             | 2031-06-24      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                       | Anchorage Capital CLO 19 Ltd                                                   | CUSIP: 03328JAA5<br>LEI: 549300ZNOS7Q8W8H3S38 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1499100.00   | 0.59%             | 2034-10-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                            | M&T Bank Corp                                                                  | CUSIP: 55261FAU8<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    152000 | PA      | $153254.00    | 0.06%             | 2029-01-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| REYNOLDS CONSUMER PRODUCTS LLC                  | Reynolds Consumer Products LLC 2025 Term Loan B                                | CUSIP: 76171JAE1<br>LEI: 549300DWNZYMOSR1X343 | Long             | LON              | CORP              | US        |     96679 | PA      | $97242.87     | 0.04%             | 2032-03-04      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                         | BDS 2024-FL13 LLC                                                              | CUSIP: 05555MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $300738.90    | 0.12%             | 2039-09-19      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC     | BBCMS Mortgage Trust 2025-C32                                                  | CUSIP: 07337AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2437622 | PA      | $202773.73    | 0.08%             | 2062-02-15      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd                               | KREF 2021-FL2 Ltd                                                              | CUSIP: 48275RAA5<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |    146480 | PA      | $145917.41    | 0.06%             | 2039-02-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust      | JPMBB Commercial Mortgage Securities Trust 2014-C21                            | CUSIP: 46642EBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    103849 | PA      | $103109.85    | 0.04%             | 2047-08-15      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| 1211 Avenue of the Americas Trust               | 1211 Avenue of the Americas Trust 2015-1211                                    | CUSIP: 90117PAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    170000 | PA      | $169464.56    | 0.07%             | 2035-08-10      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                | SoFi Consumer Loan Program 2025-2 Trust                                        | CUSIP: 83407HAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $402626.39    | 0.16%             | 2034-06-25      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust             | Citigroup Commercial Mortgage Trust 2016-P3                                    | CUSIP: 29429CAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    270000 | PA      | $266432.09    | 0.10%             | 2049-04-15      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                      | Navient Private Education Refi Loan Trust 2022-A                               | CUSIP: 63942MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    214657 | PA      | $196491.95    | 0.08%             | 2070-07-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                        | National Rural Utilities Cooperative Finance Corp                              | CUSIP: 63743HFW7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    371000 | PA      | $375989.95    | 0.15%             | 2028-02-07      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                | CUSIP: 3140XMXN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    340375 | PA      | $347811.58    | 0.14%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust          | Residential Asset Securitization Trust 2006-A6                                 | CUSIP: 76113FAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2586839 | PA      | $516446.22    | 0.20%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LLC                 | Stack Infrastructure Issuer LLC                                                | CUSIP: 85236KAF9<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $506678.22    | 0.20%             | 2048-03-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                          | Chase Auto Owner Trust 2024-5                                                  | CUSIP: 16144QAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    525000 | PA      | $524029.18    | 0.21%             | 2030-03-25      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                          | NextEra Energy Capital Holdings Inc                                            | CUSIP: 65339KDJ6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    713000 | PA      | $730218.95    | 0.29%             | 2030-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust                   | SFO Commercial Mortgage Trust 2021-555                                         | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    280000 | PA      | $278168.28    | 0.11%             | 2038-05-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                            | BAT International Finance PLC                                                  | CUSIP: 05530QAQ3<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    232000 | PA      | $243481.68    | 0.10%             | 2029-02-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                              | CUSIP: 3136B1M50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    126431 | PA      | $121470.23    | 0.05%             | 2047-12-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                        | New York Life Global Funding                                                   | CUSIP: 64952WEE9<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28048.16     | 0.01%             | 2026-06-09      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Affirm Master Trust                             | Affirm Master Trust                                                            | CUSIP: 00833BAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200833.96    | 0.08%             | 2033-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Sapphire Aviation Finance I Limited             | SAPPHIRE AVIATION FINANCE II LTD                                               | CUSIP: 80307AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    254440 | PA      | $243005.24    | 0.10%             | 2040-03-15      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Trust 2015-GC34                                         | CUSIP: 36250VAD4<br>LEI: 54930070360RBP384M53 | Long             | ABS-MBS          | CORP              | US        |    225000 | PA      | $223704.70    | 0.09%             | 2048-10-10      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                          | Canadian Imperial Bank of Commerce                                             | CUSIP: 13607PVQ4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    239000 | PA      | $244721.66    | 0.10%             | 2031-01-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                 | Gen Digital Inc 2025 Term Loan B                                               | CUSIP: 66877AAG3<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | LON              | CORP              | US        |     60000 | PA      | $59970.00     | 0.02%             | 2032-04-16      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                     | Exelon Corp                                                                    | CUSIP: 30161NBM2<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    302000 | PA      | $309936.56    | 0.12%             | 2029-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| EDWARDS LIFESCIENCES COR                        | Edwards Lifesciences Corp                                                      | CUSIP: 28176EAD0<br>LEI: YA13X31F3V31L8TMPR58 | Long             | DBT              | CORP              | US        |    265000 | PA      | $264737.65    | 0.10%             | 2028-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                | CARLYLE US CLO 2017-3 Ltd                                                      | CUSIP: 14314FAY4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501900.00    | 0.20%             | 2037-10-21      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Delta 2 (LUX) S.a.r.l.                          | Delta 2 (LUX) Sarl 2024 Term Loan B1                                           | CUSIP: 000000000<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |     33333 | PA      | $33429.16     | 0.01%             | 2031-09-30      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Katayma CLO Ltd                                 | Katayma CLO I Ltd                                                              | CUSIP: 48585JAA8<br>LEI: 254900I6JJYMZNFX8987 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1002200.00   | 0.39%             | 2036-10-20      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Vestis Corporation                              | Vestis Corporation Term Loan                                                   | CUSIP: 92550HAE3<br>LEI: 254900QDW0TA2TMFAP59 | Long             | LON              | CORP              | US        |     41562 | PA      | $40003.91     | 0.02%             | 2031-02-22      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                               | Brown & Brown Inc                                                              | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     74000 | PA      | $74646.76     | 0.03%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2024-1                                              | CUSIP: 92540EAA1<br>LEI: 984500A3F1D749452747 | Long             | ABS-MBS          | CORP              | US        |    512698 | PA      | $514248.40    | 0.20%             | 2069-01-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                                     | Equifax Inc                                                                    | CUSIP: 294429AX3<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |    336000 | PA      | $338882.88    | 0.13%             | 2029-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                  | Upgrade Master Pass-Thru Trust Series 2025-ST2                                 | CUSIP: 91534JAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    480475 | PA      | $483829.68    | 0.19%             | 2032-06-15      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| Park Avenue Institutional Advisers CLO          | Park Avenue Institutional Advisers CLO Ltd 2021-1                              | CUSIP: 70015QAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1499700.00   | 0.59%             | 2034-01-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                      | MFA 2023-NQM3 Trust                                                            | CUSIP: 55286MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    457533 | PA      | $460376.77    | 0.18%             | 2068-07-25      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL                           | Pinnacle West Capital Corp                                                     | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    133000 | PA      | $134799.49    | 0.05%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                            | Royal Bank of Canada                                                           | CUSIP: 78017FZU0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    476000 | PA      | $476495.04    | 0.19%             | 2028-10-18      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                  | ACHV ABS TRUST 2024-2PL                                                        | CUSIP: 00092HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    283193 | PA      | $284012.76    | 0.11%             | 2031-10-27      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                  | Morgan Stanley Capital I Trust 2019-PLND                                       | CUSIP: 61691XAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    127000 | PA      | $14381.14     | 0.01%             | 2036-05-15      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| TRANS UNION LLC                                 | Trans Union LLC 2024 Term Loan B9                                              | CUSIP: 89334GBG8<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |    154225 | PA      | $154555.04    | 0.06%             | 2031-06-24      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                   | UBS Commercial Mortgage Trust 2017-C1                                          | CUSIP: 90276EAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    512425 | PA      | $10025.71     | 0.00%             | 2050-06-15      | Variable      | 1.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                | CUSIP: 3140J9VE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    411174 | PA      | $398397.10    | 0.16%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                           | Huntington Bancshares Inc/OH                                                   | CUSIP: 446150BE3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97304.70     | 0.04%             | 2031-01-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Bank5                                           | BANK5 2023-5YR2                                                                | CUSIP: 06211CAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    421000 | PA      | $444172.82    | 0.17%             | 2056-07-15      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                              | BMO 2025-C11 Mortgage Trust                                                    | CUSIP: 05613XAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2057172 | PA      | $166402.31    | 0.07%             | 2058-02-15      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| Luminent Mortgage Trust                         | Luminent Mortgage Trust 2007-1                                                 | CUSIP: 55028CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2188056 | PA      | $1935983.15   | 0.76%             | 2036-11-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                         | TRTX 2022-FL5 Issuer Ltd                                                       | CUSIP: 87277JAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    282795 | PA      | $282793.72    | 0.11%             | 2039-02-15      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                               | Kinder Morgan Inc                                                              | CUSIP: 494553AD2<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    233000 | PA      | $236721.01    | 0.09%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                    | Upstart Securitization Trust 2025-1                                            | CUSIP: 91684PAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1556342 | PA      | $1558231.53   | 0.61%             | 2035-04-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                      | GLS Auto Receivables Issuer Trust 2025-1                                       | CUSIP: 36271KAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $553227.03    | 0.22%             | 2030-11-15      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Corportation Trust 2021-IP                              | CUSIP: 36262MAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    181000 | PA      | $180036.67    | 0.07%             | 2036-10-15      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2024-GPA3                                         | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    187543 | PA      | $187706.28    | 0.07%             | 2039-12-15      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL                           | Evergy Kansas Central Inc                                                      | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |    480000 | PA      | $485174.40    | 0.19%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| LoanCore 2021-CRE6 Issuer, Ltd.                 | LoanCore 2021-CRE6 Issuer Ltd                                                  | CUSIP: 53948HAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    184881 | PA      | $184874.62    | 0.07%             | 2038-11-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Merck Sharp & Dohme Corp                        | Merck Sharp & Dohme Corp                                                       | CUSIP: 589331AE7<br>LEI: MZK1AT00SJV4XB7WNL71 | Long             | DBT              | CORP              | US        |    298000 | PA      | $315978.34    | 0.12%             | 2028-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                            | CUSIP: 46647PEF9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    506000 | PA      | $507821.60    | 0.20%             | 2028-04-22      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                   | Commonbond Student Loan Trust 2018-BGS                                         | CUSIP: 20268MAC0<br>LEI: 549300EJIXF1G1X7PN20 | Long             | ABS-O            | CORP              | US        |     69387 | PA      | $66759.74     | 0.03%             | 2045-09-25      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| GENUINE PARTS CO                                | Genuine Parts Co                                                               | CUSIP: 372460AF2<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |    565000 | PA      | $573836.60    | 0.23%             | 2029-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2024-MF                                           | CUSIP: 05612EAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    199227 | PA      | $199353.22    | 0.08%             | 2039-02-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust           | Wells Fargo Commercial Mortgage Trust 2021-C60                                 | CUSIP: 95003DBB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    143525 | PA      | $138828.46    | 0.05%             | 2054-08-15      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                | SoFi Consumer Loan Program 2025-1 Trust                                        | CUSIP: 83406YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    587797 | PA      | $588573.59    | 0.23%             | 2034-02-27      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                            | Aramark Services Inc 2024 Term Loan B8                                         | CUSIP: 03852JAV3<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |    115533 | PA      | $116014.16    | 0.05%             | 2030-06-22      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2022-PSB                                                              | CUSIP: 05606DAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    168000 | PA      | $167878.54    | 0.07%             | 2039-08-15      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Inc                           | SS&C Technologies Inc 2024 Term Loan B8                                        | CUSIP: 78466DBJ2<br>LEI: 549300KY09TR3J12JU49 | Long             | LON              | CORP              | US        |    177951 | PA      | $179007.80    | 0.07%             | 2031-05-09      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust          | Velocity Commercial Capital Loan Trust 2024-5                                  | CUSIP: 92261ABA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    879645 | PA      | $876638.37    | 0.35%             | 2054-10-25      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                          | Marriott International Inc/MD                                                  | CUSIP: 571903BR3<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    321000 | PA      | $324139.38    | 0.13%             | 2030-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                     | Paychex Inc                                                                    | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    140000 | PA      | $143358.60    | 0.06%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Vericrest Opportunity Loan Transferee           | VOLT C LLC                                                                     | CUSIP: 91835DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    172303 | PA      | $172056.92    | 0.07%             | 2051-05-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                  | Morgan Stanley Capital I Trust 2024-NSTB                                       | CUSIP: 61690BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142366 | PA      | $141951.91    | 0.06%             | 2057-09-24      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                        | Cheniere Energy Partners LP                                                    | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    377000 | PA      | $372909.55    | 0.15%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                        | OBX 2025-NQM8 Trust                                                            | CUSIP: 67449AAA3<br>LEI: 2549006UJL1L84XG2C80 | Long             | ABS-MBS          | CORP              | US        |    982961 | PA      | $986397.97    | 0.39%             | 2065-03-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                              | BSPRT 2022-FL8 Issuer Ltd                                                      | CUSIP: 055983AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    101933 | PA      | $101743.44    | 0.04%             | 2037-02-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust              | Alternative Loan Trust 2006-J7                                                 | CUSIP: 23244FAX2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    414757 | PA      | $197880.86    | 0.08%             | 2036-11-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2018-B6 Mortgage Trust                                               | CUSIP: 08162CAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    148349 | PA      | $146624.58    | 0.06%             | 2051-10-10      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH                          | Molex Electronic Technologies LLC                                              | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |    298000 | PA      | $299779.06    | 0.12%             | 2028-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                 | CSAIL 2017-C8 Commercial Mortgage Trust                                        | CUSIP: 12595BAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    231026 | PA      | $3375.20      | 0.00%             | 2050-06-15      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Notes                                                            | CUSIP: 91282CAV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5147343.78   | 2.03%             | 2030-11-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                              | CUSIP: 3136BTQ22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    831025 | PA      | $831972.93    | 0.33%             | 2054-12-25      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                               | Generate Clo 13 Ltd                                                            | CUSIP: 370918AA2<br>LEI: 549300OHYOREA2V0F579 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $502100.00    | 0.20%             | 2037-01-20      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                        | Element Fleet Management Corp                                                  | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    738000 | PA      | $744546.06    | 0.29%             | 2030-03-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                        | Canadian Pacific Railway Co                                                    | CUSIP: 13645RBJ2<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    563000 | PA      | $571996.74    | 0.23%             | 2030-03-30      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                          | Marvell Technology Inc                                                         | CUSIP: 573874AR5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    248000 | PA      | $249125.92    | 0.10%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                    | Enbridge Inc                                                                   | CUSIP: 29250NBX2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    129000 | PA      | $135487.41    | 0.05%             | 2028-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                               | Sysco Corp                                                                     | CUSIP: 871829BU0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    243000 | PA      | $249147.90    | 0.10%             | 2030-09-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                              | Pacific Life Global Funding II                                                 | CUSIP: 6944PL2G3<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25077.50     | 0.01%             | 2026-06-04      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                      | Affirm Asset Securitization Trust 2025-X1                                      | CUSIP: 00834MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    369345 | PA      | $369632.16    | 0.15%             | 2030-04-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                | Altria Group Inc                                                               | CUSIP: 02209SBQ5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     80000 | PA      | $84452.00     | 0.03%             | 2028-11-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Quest Diagnostics Inc                           | Quest Diagnostics Inc                                                          | CUSIP: 74834LBA7<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |    280000 | PA      | $278695.20    | 0.11%             | 2029-06-30      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Tesla Sustainable Energy Trust                  | Tesla Sustainable Energy Trust 2024-1                                          | CUSIP: 88164AAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    435010 | PA      | $438922.77    | 0.17%             | 2050-06-21      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                       | ONEOK Inc                                                                      | CUSIP: 682680CC5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    244000 | PA      | $242135.84    | 0.10%             | 2029-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                           | Rio Tinto Finance USA PLC                                                      | CUSIP: 76720AAS5<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    333000 | PA      | $339566.76    | 0.13%             | 2030-03-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                    | Broadcom Inc                                                                   | CUSIP: 11135FBB6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    440000 | PA      | $437465.60    | 0.17%             | 2025-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                  | Carvana Auto Receivables Trust 2024-N1                                         | CUSIP: 14687QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67229 | PA      | $67265.75     | 0.03%             | 2027-04-12      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                             | American Express Co                                                            | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    780000 | PA      | $788470.80    | 0.31%             | 2029-04-25      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Bridge Street CLO Ltd                           | Bridge Street CLO Ltd                                                          | CUSIP: 107921AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000246.00   | 0.39%             | 2038-04-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                   | Citigroup Inc                                                                  | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    623000 | PA      | $619922.38    | 0.24%             | 2030-09-19      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust     | MF1 2022-FL9 LLC                                                               | CUSIP: 55285AAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    226472 | PA      | $226771.44    | 0.09%             | 2037-06-19      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Regatta XXIII Funding Ltd                       | Regatta XXIII Funding Ltd                                                      | CUSIP: 75889FAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2265000 | PA      | $2264773.50   | 0.89%             | 2035-01-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac Pool                                                               | CUSIP: 3132DUGS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    375336 | PA      | $382336.72    | 0.15%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                | LPL Holdings Inc                                                               | CUSIP: 50212YAC8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    341000 | PA      | $340055.43    | 0.13%             | 2027-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| HB FULLER COMPANY                               | HB Fuller Company 2025 Term Loan B                                             | CUSIP: 40409VAW4<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | LON              | CORP              | US        |     99080 | PA      | $99637.84     | 0.04%             | 2030-02-15      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| CubeSmart LP                                    | CubeSmart LP                                                                   | CUSIP: 22966RAE6<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              |  | US        |    159000 | PA      | $157852.02    | 0.06%             | 2029-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd                               | KREF 2021-FL2 Ltd                                                              | CUSIP: 48275RAC1<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $248245.25    | 0.10%             | 2039-02-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                         | TRTX 2025-FL6 Issuer Ltd                                                       | CUSIP: 897764AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    240000 | PA      | $239917.68    | 0.09%             | 2042-09-18      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust             | Exeter Automobile Receivables Trust 2024-5                                     | CUSIP: 30165BAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $648782.71    | 0.26%             | 2028-03-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust           | Westlake Automobile Receivables Trust 2023-4                                   | CUSIP: 96041AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     61551 | PA      | $61623.55     | 0.02%             | 2027-01-15      | Fixed         | 6.23%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                     | Oracle Corp                                                                    | CUSIP: 68389XCF0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    497000 | PA      | $499012.85    | 0.20%             | 2025-11-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust   | JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP4                  | CUSIP: 46645UAV9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1296134 | PA      | $7618.27      | 0.00%             | 2049-12-15      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| Go Daddy Operating Company LLC                  | Go Daddy Operating Company LLC 2024 Term Loan B8                               | CUSIP: 38017BAX4<br>LEI: 5493005GJOH8HLL11157 | Long             | LON              | CORP              | US        |    189043 | PA      | $189402.44    | 0.07%             | 2029-11-09      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                             | Dominion Energy Inc                                                            | CUSIP: 25746UDW6<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    281000 | PA      | $286760.50    | 0.11%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                          | Energizer Holdings Inc 2025 Term Loan B                                        | CUSIP: 29267YAW2<br>LEI: 5493000D6NN0V57UME20 | Long             | LON              | CORP              | US        |     98965 | PA      | $99357.36     | 0.04%             | 2032-03-19      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Inflation-Indexed Notes                                          | CUSIP: 91282CEJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    988372 | PA      | $967871.20    | 0.38%             | 2027-04-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| Brant Point CLO Ltd                             | Brant Point Clo 2024-3 Ltd                                                     | CUSIP: 835937AA1<br>LEI: 254900ONWQ51D1IGDN52 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1004688.00   | 0.40%             | 2037-02-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust                     | Legacy Mortgage Asset Trust 2021-GS2                                           | CUSIP: 52476DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    249147 | PA      | $249089.09    | 0.10%             | 2061-04-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Vericrest Opportunity Loan Transferee           | VOLT CI LLC                                                                    | CUSIP: 92873EAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    272503 | PA      | $272051.76    | 0.11%             | 2051-05-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                        | Targa Resources Partners LP / Targa Resources Partners Finance Corp            | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    357000 | PA      | $362155.08    | 0.14%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust              | EFMT 2025-NQM2                                                                 | CUSIP: 281917AE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    806000 | PA      | $810010.35    | 0.32%             | 2070-06-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                       | BPR Trust 2021-TY                                                              | CUSIP: 05592AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    192000 | PA      | $191594.19    | 0.08%             | 2038-09-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                | CUSIP: 31418CDJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    118555 | PA      | $112064.20    | 0.04%             | 2036-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| arbor multifamily mortgage securities trust     | Arbor Multifamily Mortgage Securities Trust 2021-MF2                           | CUSIP: 03881VAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    139000 | PA      | $134772.65    | 0.05%             | 2054-06-15      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                             | Resideo Funding Inc 2024 1st Lien Term Loan B                                  | CUSIP: 76090LAL8<br>LEI: 5493000IFJ6XJKH66598 | Long             | LON              | CORP              | US        |    135833 | PA      | $136002.43    | 0.05%             | 2028-02-11      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** SSGA Active Trust

**Signature:** Arthur Jensen

**Name of Signer:** Arthur Jensen

**Title:** Deputy Treasurer