# EDGAR Filing Document

**Accession Number:** 0000088048
**File Stem:** 0001752724-25-200346
**Filing Date:** 2025-8
**Character Count:** 133835
**Document Hash:** 17ea854712945d18e6822112c547e80e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-200346.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001752724-25-200346

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS SECURITIES TRUST
- **CENTRAL INDEX KEY:** 0000088048

**ORGANIZATION NAME:**
- **EIN:** 132661231
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02021
- **FILM NUMBER:** 251245981

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

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS SECURITIES TRUST
- **DATE OF NAME CHANGE:** 20060207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCUDDER SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19950908

## Series and Classes Contracts Data

### DWS Enhanced Commodity Strategy Fund (Series ID: S000032043)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000099774 | Institutional Class | SKIRX           |
| C000099775 | Class A             | SKNRX           |
| C000099777 | Class C             | SKCRX           |
| C000099779 | Class S             | SKSRX           |
| C000172345 | Class R6            | SKRRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-02021

- **c. CIK number of Registrant:** 0000088048

- **d. LEI of Registrant:** 7SL8QTS97H1HUY8AHM73

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

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

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** DWS Enhanced Commodity Strategy Fund

- **b. EDGAR series identifier (if any):** S000032043

- **c. LEI of Series:** U72UPDOVVEAXSRWTZF97

**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:** $931567539.85

**Total Liabilities:** $52252234.97

**Net Assets:** $879315304.88

**Amount of Assets Invested in Other Investment Companies:** $175026105.37

**Delayed Delivery Securities:** $7305671.58

**Cash Not Reported:** $798884.52

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2205.36000000 | **1-Year:** -66516.73000000 | **5-Year:** -31673.94000000 | **10-Year:** -3816.08000000 | **30-Year:** -854.16000000

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

- **3-Month:** -155.74000000 | **1-Year:** -2272.51000000 | **5-Year:** -2207.96000000 | **10-Year:** -232.61000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000172345 | -5.28%               | -0.17%               | 2.18%                |
| Class ID C000099777 | -5.46%               | 0.00%                | 1.84%                |
| Class ID C000099774 | -5.28%               | 0.00%                | 1.99%                |
| Class ID C000099775 | -5.36%               | 0.00%                | 2.15%                |
| Class ID C000099779 | -5.30%               | 0.00%                | 2.14%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-50027.00               | $138822.75                                 |
| Month 2  | $-40813.26               | $72006.26                                  |
| Month 3  | $56583.01                | $1184070.17                                |

**Designated Index Information**

- **Index Name:** Bloomberg Commodity Index Total Return

- **Index Identifier:** DJUBSCOM

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GLOBAL PAYMENTS INC                                     | Global Payments Inc                                                                                                        | CUSIP: 37940XAP7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    920000 | PA      | $930791.42    | 0.11%             | 2027-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                      | Banco Santander SA                                                                                                         | CUSIP: 05964HAU9<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   4000000 | PA      | $4132140.60   | 0.47%             | 2028-08-08      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | CORN FUTURE OPTN DEC25C 700                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |      -680 | NC      | $-12750.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Sixth Street CLO LTD.                                   | Sixth Street CLO 29 Ltd                                                                                                    | CUSIP: 83013BAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    714000 | PA      | $714000.00    | 0.08%             | 2038-07-17      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| BGC GROUP INC                                           | BGC Group Inc                                                                                                              | CUSIP: 05555LAB7<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2176470.26   | 0.25%             | 2029-06-10      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                     | COMM 2013-CCRE6 Mortgage Trust                                                                                             | CUSIP: 12624XAP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1497412 | PA      | $1431935.59   | 0.16%             | 2046-03-10      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | Long: BDWE96BG6 TRS USD R F  1.00000 BDWE96BH4 COMMODITYTRS / Short: BDWE96BG6 TRS USD P F   .00000 BDWE96BJ0 COMMODITYTRS | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCO              |  | US        |  34900000 | OU      | $555680.94    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                | Volkswagen Group of America Finance LLC                                                                                    | CUSIP: 928668CA8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4063778.44   | 0.46%             | 2026-11-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VNESHECONOMBANK(VEB FIN)                                | Vnesheconombank Via VEB Finance PLC                                                                                        | CUSIP: 91822CAA6<br>LEI: 635400KYY8E2NCZXJ191 | Long             | DBT              | CORP              | IE        |   1500000 | PA      | $0.00         | 0.00%             | 2022-07-05      | Fixed         | 6.03%                 | No            |                  3 | On Loan: No      |
| THE CAMPBELLS COMPANY                                   | The Campbell's Company                                                                                                     | CUSIP: 134429BM0<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1074853.60   | 0.12%             | 2027-03-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS                                | South Bow USA Infrastructure Holdings LLC                                                                                  | CUSIP: 83007CAA0<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |   1373000 | PA      | $1381810.31   | 0.16%             | 2027-09-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| NRZ Excess Spread Collateralized Notes                  | NRZ Excess Spread-Collateralized Notes                                                                                     | CUSIP: 65246QAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    776399 | PA      | $746343.69    | 0.08%             | 2026-11-25      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                   | LME COPPER FUTURE SEP25                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        65 | NC      | $524121.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs & Co. LLC                                 | Long: BDWE96BK7 TRS USD R F  1.00000 BDWE96BL5 COMMODITYTRS / Short: BDWE96BK7 TRS USD P F   .35000 BDWE96BM3 COMMODITYTRS | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |   5740000 | OU      | $-172182.89   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                            | Ares LXXVII CLO Ltd                                                                                                        | CUSIP: 03990KAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500000.00   | 0.17%             | 2038-07-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                         | MVW 2021-1W LLC                                                                                                            | CUSIP: 55389TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    101409 | PA      | $96735.23     | 0.01%             | 2041-01-22      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| Continental Finance Credit Credit Card ABS Master Trust | Continental Finance Credit Card ABS Master Trust                                                                           | CUSIP: 66981PAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2006238.60   | 0.23%             | 2030-10-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                                                                        | CUSIP: 912828ZE3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $23681640.50  | 2.69%             | 2027-03-31      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                  | Standard Chartered PLC                                                                                                     | CUSIP: 853254CQ1<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2120000 | PA      | $2137199.48   | 0.24%             | 2027-01-09      | Fixed         | 6.17%                 | No            |                  2 | On Loan: —       |
| BBVA BANCOMER SA TEXAS                                  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                                               | CUSIP: 05533UAH1<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |   2139000 | PA      | $2123908.29   | 0.24%             | 2025-09-18      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe                                      | CRUDE OIL OPT IPE DEC25P 58                                                                                                | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |      1000 | NC      | $1970000.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                  | Daimler Truck Finance North America LLC                                                                                    | CUSIP: 233853AF7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1546350.29   | 0.18%             | 2026-12-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe                                      | BRENT CRUDE FUTR DEC25                                                                                                     | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       110 | NC      | $-459880.66   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                                       | Long: BDWE96CS9 TRS USD R F  1.00000 BDWE96CT7 COMMODITYTRS / Short: BDWE96CS9 TRS USD P F   .28000 BDWE96CU4 COMMODITYTRS | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCO              |  | US        |   7830000 | OU      | $-113215.07   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                      | Realty Income Corp                                                                                                         | CUSIP: 756109BQ6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |   2580000 | PA      | $2579988.00   | 0.29%             | 2026-01-13      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                            | AGL CLO 42 Ltd                                                                                                             | CUSIP: 00791YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1598457.60   | 0.18%             | 2038-07-22      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                       | Clean Harbors Inc                                                                                                          | CUSIP: 184496AN7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1199088.51   | 0.14%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                             | Long: BDWE971N0 TRS USD R F  1.00000 BDWE971P5 COMMODITYTRS / Short: BDWE971N0 TRS USD P F   .20000 BDWE971Q3 COMMODITYTRS | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        | 318969000 | OU      | $-6067405.99  | -0.69%            |  |  |  | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                | Santander UK Group Holdings PLC                                                                                            | CUSIP: 80281LAQ8<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   2227000 | PA      | $2163203.95   | 0.25%             | 2027-06-14      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| Botswana Stock Exchange Ltd.                            | Long: BDWE97084 TRS USD R F  1.00000 BDWE97092 COMMODITYTRS / Short: BDWE97084 TRS USD P F   .23900 BDWE970A9 COMMODITYTRS | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        | 193204000 | OU      | $-1576917.52  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                 | Dryden 104 CLO Ltd                                                                                                         | CUSIP: 26253BAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2775000 | PA      | $2776318.13   | 0.32%             | 2034-08-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                      | VICI Properties LP                                                                                                         | CUSIP: 925650AJ2<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |   1000000 | PA      | $1008179.62   | 0.11%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                          | Carvana Auto Receivables Trust 2021-N1                                                                                     | CUSIP: 14687DAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    819496 | PA      | $813831.93    | 0.09%             | 2028-01-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                                  | NXP BV / NXP Funding LLC / NXP USA Inc                                                                                     | CUSIP: 62954HBE7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1370000 | PA      | $1372342.22   | 0.16%             | 2027-06-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                | JP Morgan Mortgage Trust 2020-LTV2                                                                                         | CUSIP: 46653LAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    685751 | PA      | $622129.06    | 0.07%             | 2050-11-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                                 | Long: BDWE96DA7 TRS USD R F  1.00000 BDWE96DB5 COMMODITYTRS / Short: BDWE96DA7 TRS USD P F   .35000 BDWE96DC3 COMMODITYTRS | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  28600000 | OU      | $-155050.32   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International                             | Long: BDWE96ZZ8 TRS USD R F  1.00000 BDWE97001 COMMODITYTRS / Short: BDWE96ZZ8 TRS USD P F   .35000 BDWE97019 COMMODITYTRS | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              |  | GB        |   2890000 | OU      | $-130971.91   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | Long: BDWE96XT4 TRS USD R F  1.00000 BDWE96XU1 COMMODITYTRS / Short: BDWE96XT4 TRS USD P F   .25000 BDWE96XV9 COMMODITYTRS | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              |  | US        |  52900000 | OU      | $335163.82    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AGCO CORP                                               | AGCO Corp                                                                                                                  | CUSIP: 001084AR3<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1285665.44   | 0.15%             | 2027-03-21      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                    | Glencore Funding LLC                                                                                                       | CUSIP: 378272AX6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1377814.54   | 0.16%             | 2025-09-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                                  | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   2110000 | PA      | $2055723.39   | 0.23%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                                   | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1315774.98   | 0.15%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                               | BPR Trust 2021-TY                                                                                                          | CUSIP: 05592AAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    506000 | PA      | $504114.75    | 0.06%             | 2038-09-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| HELMERICH & PAYNE INC                                   | Helmerich & Payne Inc                                                                                                      | CUSIP: 423452AJ0<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2383852.78   | 0.27%             | 2029-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Floating Rate Notes                                                                                          | CUSIP: 91282CMX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $25000513.25  | 2.84%             | 2027-04-30      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| MFRA TRUST                                              | MFA 2021-NQM2 Trust                                                                                                        | CUSIP: 55283WAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    391081 | PA      | $345390.50    | 0.04%             | 2064-11-25      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                                 | Long: BDWE9LYA1 TRS USD R F  1.00000 BDWE9LYB9 COMMODITYTRS / Short: BDWE9LYA1 TRS USD P F   .09000 BDWE9LYC7 COMMODITYTRS | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  72445000 | OU      | $-2486117.52  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| EQUINIX INC                                             | Equinix Inc                                                                                                                | CUSIP: 29444UBF2<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |    690000 | PA      | $689108.68    | 0.08%             | 2025-07-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                     | Long: BDWE970S0 TRS USD R F  1.00000 BDWE970T8 COMMODITYTRS / Short: BDWE970S0 TRS USD P F   .09000 BDWE970U5 COMMODITYTRS | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              |  | FR        |  82324000 | OU      | $-2825138.23  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                                         | Concentrix Corp                                                                                                            | CUSIP: 20602DAB7<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4196703.24   | 0.48%             | 2028-08-02      | Fixed         | 6.60%                 | No            |                  2 | On Loan: —       |
| NATWEST GROUP PLC                                       | NatWest Group PLC                                                                                                          | CUSIP: 639057AL2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1280000 | PA      | $1303005.62   | 0.15%             | 2028-03-01      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                               | BPR Trust 2021-TY                                                                                                          | CUSIP: 05592AAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    340000 | PA      | $337888.70    | 0.04%             | 2038-09-15      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                 | Bristol-Myers Squibb Co                                                                                                    | CUSIP: 110122EE4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1215303.26   | 0.14%             | 2027-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | SOYBEAN OIL FUTR DEC25                                                                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       280 | NC      | $14474.54     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                         | CSAIL 2016-C6 Commercial Mortgage Trust                                                                                    | CUSIP: 12636MAJ7<br>LEI: 549300C2HE5FJAWYZL57 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $968942.20    | 0.11%             | 2049-01-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                                          | MVW 2020-1 LLC                                                                                                             | CUSIP: 55400EAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     77924 | PA      | $76059.07     | 0.01%             | 2037-10-20      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                | Avolon Holdings Funding Ltd                                                                                                | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   2670000 | PA      | $2784147.23   | 0.32%             | 2028-05-04      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                                | Delta Air Lines Inc / SkyMiles IP Ltd                                                                                      | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     86552 | PA      | $86343.07     | 0.01%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust 2021-ARIA                                                                                                         | CUSIP: 05608RAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1725000 | PA      | $1721765.63   | 0.20%             | 2036-10-15      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| SPRINT LLC                                              | Sprint LLC                                                                                                                 | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1686020.46   | 0.19%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                                                                                      | CUSIP: 60510MBV9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1749919.33   | 0.20%             | 2031-09-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital CLO, Ltd                             | Texas Debt Capital CLO 2023-I Ltd                                                                                          | CUSIP: 88238CAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3000000.00   | 0.34%             | 2038-07-20      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                    | BlueMountain CLO 2015-4 Ltd                                                                                                | CUSIP: 09628NAS1<br>LEI: 549300EB3KHH9T7ICE44 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2001690.00   | 0.23%             | 2030-04-20      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| DXC TECHNOLOGY CO                                       | DXC Technology Co                                                                                                          | CUSIP: 23355LAL0<br>LEI: 549300DOVZ3EDJB7O259 | Long             | DBT              | CORP              | US        |   4520000 | PA      | $4368015.27   | 0.50%             | 2026-09-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Bills                                                                                                        | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  40000000 | PA      | $39958083.20  | 4.54%             | 2025-07-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                     | Long: BDWE970E1 TRS USD R F  1.00000 BDWE970F8 COMMODITYTRS / Short: BDWE970E1 TRS USD P F   .25000 BDWE970G6 COMMODITYTRS | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              |  | FR        |  55750000 | OU      | $138800.78    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                         | Venture XXX CLO Ltd                                                                                                        | CUSIP: 92331NAC0<br>LEI: 5493001R7OPCYBM5NH78 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10002970.00  | 1.14%             | 2031-01-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                          | CPS Auto Receivables Trust 2022-B                                                                                          | CUSIP: 12663BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    987310 | PA      | $986597.52    | 0.11%             | 2028-08-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                | Lloyds Banking Group PLC                                                                                                   | CUSIP: 539439AY5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1140000 | PA      | $1157280.74   | 0.13%             | 2027-08-07      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                            | Hilton Grand Vacations Trust 2019-A                                                                                        | CUSIP: 43284HAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    123298 | PA      | $121167.13    | 0.01%             | 2033-07-25      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                              | Verus Securitization Trust 2021-R3                                                                                         | CUSIP: 92538EAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240791 | PA      | $227310.26    | 0.03%             | 2064-04-25      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                    | Enel Finance International NV                                                                                              | CUSIP: 29278GBD9<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   5000000 | PA      | $5093076.80   | 0.58%             | 2029-06-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                           | DTE Energy Co                                                                                                              | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   1219000 | PA      | $1232956.15   | 0.14%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                            | CSMC 2020-FACT                                                                                                             | CUSIP: 126395AG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2756000 | PA      | $2684833.47   | 0.31%             | 2037-10-15      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                      | Ellington Financial Mortgage Trust 2021-3                                                                                  | CUSIP: 31573JAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1980836 | PA      | $1646406.77   | 0.19%             | 2066-09-25      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust           | JPMCC Commercial Mortgage Securities Trust 2019-COR5                                                                       | CUSIP: 46591EAS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3824665.20   | 0.43%             | 2052-06-13      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| AB BSL CLO                                              | AB BSL CLO 4 Ltd                                                                                                           | CUSIP: 00037VAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1002245.00   | 0.11%             | 2038-04-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 43 Ltd                                      | Elmwood CLO 43 Ltd                                                                                                         | CUSIP: 29004KAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1009000 | PA      | $1009000.00   | 0.11%             | 2038-07-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LLC                         | Domino's Pizza Master Issuer LLC                                                                                           | CUSIP: 25755TAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1855000 | PA      | $1851049.96   | 0.21%             | 2045-10-25      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust                                                                                        | CUSIP: 30166XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    472000 | PA      | $476901.11    | 0.05%             | 2031-10-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                     | Nomura Holdings Inc                                                                                                        | CUSIP: 65535HBE8<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   3000000 | PA      | $3000054.06   | 0.34%             | 2025-07-03      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                 | Royal Caribbean Cruises Ltd                                                                                                | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   2450000 | PA      | $2458670.55   | 0.28%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY BANK                                          | Synchrony Bank                                                                                                             | CUSIP: 87166FAD5<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999797.07    | 0.11%             | 2025-08-22      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Maldives Islamic Bank PLC                               | Long: BDWE96XW7 TRS USD R F  1.00000 BDWE96XX5 COMMODITYTRS / Short: BDWE96XW7 TRS USD P F  1.00000 BDWE96XY3 COMMODITYTRS | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |  20000000 | OU      | $153988.60    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust           | J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-PHH                                                            | CUSIP: 46650FAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4380267 | PA      | $3769689.52   | 0.43%             | 2035-06-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                              | Verus Securitization Trust 2020-4                                                                                          | CUSIP: 92538LAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    315328 | PA      | $309266.94    | 0.04%             | 2065-05-25      | Variable      | 2.91%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                           | Aircastle Ltd                                                                                                              | CUSIP: 00928QAX9<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   1700000 | PA      | $1774830.67   | 0.20%             | 2028-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                 | Nissan Motor Acceptance Co LLC                                                                                             | CUSIP: 65480CAE5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    740000 | PA      | $747269.04    | 0.08%             | 2026-09-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                        | COLT 2021-2R Mortgage Loan Trust                                                                                           | CUSIP: 12656YAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    162468 | PA      | $149125.95    | 0.02%             | 2054-07-27      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | CORN FUTURE OPTN DEC25P 400                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |      -680 | NC      | $-327250.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                                            | Barclays PLC                                                                                                               | CUSIP: 06738ECT0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1018000 | PA      | $1025857.49   | 0.12%             | 2028-09-10      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Empower CLO Ltd.                                        | Empower CLO 2023-1 Ltd                                                                                                     | CUSIP: 29244CAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3017145.00   | 0.34%             | 2038-04-25      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                  | Marriott International Inc/MD                                                                                              | CUSIP: 571903BM4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    560000 | PA      | $566867.54    | 0.06%             | 2026-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                             | Long: BDWE9QYG7 TRS USD R F  1.00000 BDWE9QYH5 COMMODITYTRS / Short: BDWE9QYG7 TRS USD P F   .09000 BDWE9QYJ1 COMMODITYTRS | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        |  25000000 | OU      | $-1247363.25  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | Long: BDWE9LXZ7 TRS USD R F  1.00000 BDWE9LY03 COMMODITYTRS / Short: BDWE9LXZ7 TRS USD P F   .11000 BDWE9LY11 COMMODITYTRS | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCO              |  | US        |  49394000 | OU      | $-1695069.21  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | CORN FUTURE OPTN DEC25C 580                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       680 | NC      | $46750.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                                      | COFF ROBUSTA 10TN NOV25                                                                                                    | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       120 | NC      | $-1256900.60  | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                                   | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1461439.53   | 0.17%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                  | Long: BDWE970P6 TRS USD R F  1.00000 BDWE970Q4 COMMODITYTRS / Short: BDWE970P6 TRS USD P F   .14140 BDWE970R2 COMMODITYTRS | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DCO              |  | US        |  13999800 | OU      | $-258115.01   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                        | Societe Generale SA                                                                                                        | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   3000000 | PA      | $3037142.16   | 0.35%             | 2028-01-19      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                | Long: BDWE9LXW4 TRS USD R F  1.00000 BDWE9LXX2 COMMODITYTRS / Short: BDWE9LXW4 TRS USD P F   .12000 BDWE9LXY0 COMMODITYTRS | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              |  | US        |  41162000 | OU      | $-1412569.11  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                | Charter Communications Operating LLC / Charter Communications Operating Capital                                            | CUSIP: 161175AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2999780.16   | 0.34%             | 2025-07-23      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                        | COLT 2021-1 Mortgage Loan Trust                                                                                            | CUSIP: 19688EAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    458060 | PA      | $395132.81    | 0.04%             | 2066-06-25      | Variable      | 1.17%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                                                                        | CUSIP: 91282CJK8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $25242187.50  | 2.87%             | 2026-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NRZ Excess Spread Collateralized Notes                  | NRZ Excess Spread-Collateralized Notes Series 2020-PLS1                                                                    | CUSIP: 433674AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    231420 | PA      | $229094.01    | 0.03%             | 2025-12-25      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                        | Fannie Mae Connecticut Avenue Securities                                                                                   | CUSIP: 20753YCK6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    250000 | PA      | $257516.03    | 0.03%             | 2042-03-25      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| HELMERICH & PAYNE INC                                   | Helmerich & Payne Inc                                                                                                      | CUSIP: 423452AH4<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990766.43    | 0.11%             | 2027-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                         | MVW 2019-2 LLC                                                                                                             | CUSIP: 55400DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    212173 | PA      | $208737.10    | 0.02%             | 2038-10-20      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| Regatta 34 Funding Ltd.                                 | Regatta 34 Funding Ltd                                                                                                     | CUSIP: 75904BAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1506628.50   | 0.17%             | 2038-07-20      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                       | Imperial Fund Mortgage Trust 2021-NQM2                                                                                     | CUSIP: 452761AB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1084868 | PA      | $924169.88    | 0.11%             | 2056-09-25      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                  | Mosaic Solar Loan Trust 2020-1                                                                                             | CUSIP: 61946NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    867765 | PA      | $770533.23    | 0.09%             | 2046-04-20      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                     | Long: BDWE970V3 TRS USD R F  1.00000 BDWE970W1 COMMODITYTRS / Short: BDWE970V3 TRS USD P F   .30000 BDWE970X9 COMMODITYTRS | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              |  | FR        |  31370000 | OU      | $311955.51    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                                                                        | CUSIP: 91282CKZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $20249218.80  | 2.30%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                      | Credit Agricole SA                                                                                                         | CUSIP: 22535WAL1<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2500000 | PA      | $2502944.18   | 0.28%             | 2028-09-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust                 | Securitized Term Auto Receivables Trust 2025-B                                                                             | CUSIP: 81378WAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   4000000 | PA      | $4009251.20   | 0.46%             | 2032-12-29      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital CLO, Ltd                             | Texas Debt Capital CLO 2023-I Ltd                                                                                          | CUSIP: 88238CAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1570000 | PA      | $1570000.00   | 0.18%             | 2038-07-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                  | Blackstone Private Credit Fund                                                                                             | CUSIP: 09261HBC0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1599741.93   | 0.18%             | 2028-11-27      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| WHISTLER PIPELINE LLC                                   | Whistler Pipeline LLC                                                                                                      | CUSIP: 96337RAB8<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4077745.48   | 0.46%             | 2031-09-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                | Microchip Technology Inc                                                                                                   | CUSIP: 595017BA1<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    170000 | PA      | $169802.61    | 0.02%             | 2025-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TENCENT MUSIC ENT GRP                                   | Tencent Music Entertainment Group                                                                                          | CUSIP: 88034PAA7<br>LEI: 213800XTZK2GOHQTYK41 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $994792.92    | 0.11%             | 2025-09-03      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL INDU                                | Teva Pharmaceutical Finance Netherlands III BV                                                                             | CUSIP: 88167AAP6<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    730000 | PA      | $728722.35    | 0.08%             | 2027-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                                | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                                                                 | CUSIP: 46590XAS5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    960000 | PA      | $933809.28    | 0.11%             | 2027-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Commodities Exchange Center                             | GOLD 100 OZ FUTR AUG25                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        41 | NC      | $-95490.22    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust                                                                                        | CUSIP: 30166XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    375000 | PA      | $378280.01    | 0.04%             | 2030-02-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| ELARA HGV TIMESHARE ISSUER                              | Elara HGV Timeshare Issuer 2023-A LLC                                                                                      | CUSIP: 28415AAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    283665 | PA      | $292577.79    | 0.03%             | 2038-02-25      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                                 | Long: BDWE96CG5 TRS USD R F  1.00000 BDWE96CH3 COMMODITYTRS / Short: BDWE96CG5 TRS USD P F   .35000 BDWE96CJ9 COMMODITYTRS | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  32930000 | OU      | $-1032719.05  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                                          | Barings CLO Ltd 2015-I                                                                                                     | CUSIP: 056162AQ3<br>LEI: 549300QR3VQZ1T0JUI29 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002820.00   | 0.23%             | 2031-01-20      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                                 | Long: BDWE96AW2 TRS USD R F  1.00000 BDWE96AX0 COMMODITYTRS / Short: BDWE96AW2 TRS USD P F   .35000 BDWE96AY8 COMMODITYTRS | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  39070000 | OU      | $141199.76    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                 | Hyundai Capital America                                                                                                    | CUSIP: 44891ACM7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4062548.84   | 0.46%             | 2026-09-21      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| QUEST DIAGNOSTICS INC                                   | Quest Diagnostics Inc                                                                                                      | CUSIP: 74834LBE9<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |   1132000 | PA      | $1142247.51   | 0.13%             | 2027-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Floating Rate Notes                                                                                          | CUSIP: 91282CMJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 152000000 | PA      | $151929067.68 | 17.28%            | 2027-01-31      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                       | HSBC Holdings PLC                                                                                                          | CUSIP: 404280DQ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $3028014.66   | 0.34%             | 2026-11-03      | Fixed         | 7.34%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                | Penske Truck Leasing Co Lp / PTL Finance Corp                                                                              | CUSIP: 709599BN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1960000 | PA      | $1957162.76   | 0.22%             | 2027-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                 | American Electric Power Co Inc                                                                                             | CUSIP: 02557TAD1<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   4280000 | PA      | $4283380.94   | 0.49%             | 2025-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                                                                        | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $25227539.00  | 2.87%             | 2027-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                     | Long: BDWE97142 TRS USD R F  1.00000 BDWE97159 COMMODITYTRS / Short: BDWE97142 TRS USD P F   .35000 BDWE97167 COMMODITYTRS | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              |  | FR        |  33500000 | OU      | $-30688.34    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                  | Federal Home Loan Banks                                                                                                    | CUSIP: 3130B5CZ9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |  59000000 | PA      | $58964945.74  | 6.71%             | 2027-03-04      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| DWS                                                     | DWS Government & Agency Securities Portfolio DWS Government Cash Institutional Shares                                      | CUSIP: 147539670<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   7067351 | NS      | $7067351.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                            | Broadcom Inc                                                                                                               | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    976000 | PA      | $973159.90    | 0.11%             | 2028-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                            | AutoZone Inc                                                                                                               | CUSIP: 053332BC5<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |   2610000 | PA      | $2630027.78   | 0.30%             | 2028-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe                                      | CRUDE OIL OPT IPE DEC25P 50                                                                                                | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |     -1000 | NC      | $-730000.00   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| WHARF Commercial Mortgage Trust                         | WHARF Commercial Mortgage Trust 2025-DC                                                                                    | CUSIP: 92987LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1729158.06   | 0.20%             | 2040-07-15      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                              | MFA 2021-INV1 Trust                                                                                                        | CUSIP: 552747AC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     88241 | PA      | $84923.33     | 0.01%             | 2056-01-25      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | Long: BDWE96CK6 TRS USD R F  1.00000 BDWE96CL4 COMMODITYTRS / Short: BDWE96CK6 TRS USD P F   .40000 BDWE96CM2 COMMODITYTRS | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCO              |  | US        |  46670000 | OU      | $-46903.35    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| OneMain Direct Auto Receivables Trust                   | Onemain Direct Auto Receivables Trust 2022-1                                                                               | CUSIP: 68269DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    526026 | PA      | $525380.58    | 0.06%             | 2029-03-14      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                                     | Macquarie Group Ltd                                                                                                        | CUSIP: 55607PAE5<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |   6000000 | PA      | $6009656.34   | 0.68%             | 2027-09-23      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| ALBEMARLE CORP                                          | Albemarle Corp                                                                                                             | CUSIP: 012653AD3<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $2212261.77   | 0.25%             | 2027-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| Dominos Pizza Master Issuer LLC                         | Domino's Pizza Master Issuer LLC                                                                                           | CUSIP: 25755TAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3790000 | PA      | $3777978.50   | 0.43%             | 2048-07-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                     | Long: BDWE96Y55 TRS USD R F  1.00000 BDWE96Y63 COMMODITYTRS / Short: BDWE96Y55 TRS USD P F   .10000 BDWE96Y71 COMMODITYTRS | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              |  | US        |   8000000 | OU      | $281457.52    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | CORN FUTURE DEC25                                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        50 | NC      | $-108635.72   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Towd Point Mortgage Trust                               | Towd Point Mortgage Trust 2022-SJ1                                                                                         | CUSIP: 89180GAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2387024.00   | 0.27%             | 2062-03-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International                             | Long: BDWE970H4 TRS USD R F  1.00000 BDWE970J0 COMMODITYTRS / Short: BDWE970H4 TRS USD P F   .27000 BDWE970K7 COMMODITYTRS | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              |  | GB        |  54380000 | OU      | $146904.85    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                | Neuberger Berman Loan Advisers CLO 45 Ltd                                                                                  | CUSIP: 64134MAJ5<br>LEI: 549300BQ0WQMX5H5TS32 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2001962.00   | 0.23%             | 2036-10-14      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                   | Westlake Automobile Receivables Trust 2022-3                                                                               | CUSIP: 96043PAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2494932 | PA      | $2508192.30   | 0.29%             | 2027-12-15      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| KFC HLD/PIZZA HUT/TACO                                  | KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC                                                             | CUSIP: 48250NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    540000 | PA      | $538476.34    | 0.06%             | 2027-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                                | Jackson National Life Global Funding                                                                                       | CUSIP: 46849LVA6<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1454113.51   | 0.17%             | 2027-07-02      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| MFRA TRUST                                              | MFA 2021-NQM2 Trust                                                                                                        | CUSIP: 55283WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    316848 | PA      | $280421.28    | 0.03%             | 2064-11-25      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| ILPT Commercial Mortgage Trust                          | ILPT Commercial Mortgage Trust 2025-LPF2                                                                                   | CUSIP: 451955AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1012369.70   | 0.12%             | 2042-07-15      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                         | Oaktree CLO 2022-1 Ltd                                                                                                     | CUSIP: 67402LAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1333000 | PA      | $1333000.00   | 0.15%             | 2038-07-15      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                   | Truist Financial Corp                                                                                                      | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5067174.15   | 0.58%             | 2027-06-08      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International                             | Long: BDWE970B7 TRS USD R F  1.00000 BDWE970C5 COMMODITYTRS / Short: BDWE970B7 TRS USD P F   .11000 BDWE970D3 COMMODITYTRS | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              |  | GB        |  49394000 | OU      | $-1695069.21  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                      | JPMorgan Chase Bank NA - CHASE                                                                                             | CUSIP: 46591HAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1119198 | PA      | $1154411.14   | 0.13%             | 2057-10-25      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| MOSAIC CO                                               | Mosaic Co/The                                                                                                              | CUSIP: 61945CAH6<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |   2480000 | PA      | $2545823.22   | 0.29%             | 2028-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                 | Hyundai Capital America                                                                                                    | CUSIP: 44891ADB0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4050369.48   | 0.46%             | 2027-06-24      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                      | Macquarie Bank Ltd                                                                                                         | CUSIP: 55608PBQ6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   1950000 | PA      | $1983272.05   | 0.23%             | 2026-12-07      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                                 | CF Hippolyta Issuer LLC                                                                                                    | CUSIP: 12530MAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2751947 | PA      | $2584832.96   | 0.29%             | 2061-03-15      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                 | Jefferies Financial Group Inc                                                                                              | CUSIP: 47233WBM0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $2136415.93   | 0.24%             | 2028-07-21      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                     | PenFed Auto Receivables Owner Trust 2022-A                                                                                 | CUSIP: 706874AF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1299900.16   | 0.15%             | 2028-12-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                              | ROCK Trust 2024-CNTR                                                                                                       | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2600000 | PA      | $2659761.52   | 0.30%             | 2041-11-13      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Barclays Mortgage Loan Trust                            | Barclays Mortgage Loan Trust 2021-NQM1                                                                                     | CUSIP: 06744UAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    945676 | PA      | $849790.69    | 0.10%             | 2051-09-25      | Variable      | 1.98%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                     | Sirius XM Radio LLC                                                                                                        | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1059625.39   | 0.12%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                        | COLT 2021-2 Mortgage Loan Trust                                                                                            | CUSIP: 19685WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1554351 | PA      | $1320878.00   | 0.15%             | 2066-08-25      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                     | GS Mortgage-Backed Securities Trust 2020-NQM1                                                                              | CUSIP: 36259WAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     67832 | PA      | $63830.03     | 0.01%             | 2060-09-27      | Variable      | 1.79%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                        | Crown Castle Inc                                                                                                           | CUSIP: 22822VBF7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   1188000 | PA      | $1198689.36   | 0.14%             | 2029-09-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| DWS                                                     | DWS Central Cash Management Government Fund                                                                                | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        |  86824206 | NS      | $86824205.97  | 9.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                | Capital One Financial Corp                                                                                                 | CUSIP: 14040HCU7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   3230000 | PA      | $3229854.62   | 0.37%             | 2026-07-24      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                                   | CUSIP: 345397E74<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3526636.30   | 0.40%             | 2027-05-17      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| HUNTSMAN INTERNATIONAL L                                | Huntsman International LLC                                                                                                 | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1896678.72   | 0.22%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                 | HCA Inc                                                                                                                    | CUSIP: 404119BU2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000281.64   | 0.23%             | 2027-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2019-IMC                                                                                      | CUSIP: 05608BAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2960625.00   | 0.34%             | 2034-04-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage Trust                      | STWD 2021-LIH Mortgage Trust                                                                                               | CUSIP: 78486EAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $497812.50    | 0.06%             | 2036-11-15      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FU                                | HPS Corporate Lending Fund                                                                                                 | CUSIP: 40440VAH8<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |   1429000 | PA      | $1433027.82   | 0.16%             | 2028-01-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                  | Santander Holdings USA Inc                                                                                                 | CUSIP: 80282KBK1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    611000 | PA      | $617870.88    | 0.07%             | 2027-05-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                                 | Bayer US Finance II LLC                                                                                                    | CUSIP: 07274NAL7<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1486032.23   | 0.17%             | 2028-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                       | Imperial Fund Mortgage Trust 2021-NQM1                                                                                     | CUSIP: 452764AB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    952781 | PA      | $830126.55    | 0.09%             | 2056-06-25      | Variable      | 1.21%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                                            | TICP CLO XI Ltd                                                                                                            | CUSIP: 87249QAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1203866.40   | 0.14%             | 2037-04-25      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                        | Fannie Mae Connecticut Avenue Securities                                                                                   | CUSIP: 20754AAB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $502970.00    | 0.06%             | 2041-12-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                        | Ryder System Inc                                                                                                           | CUSIP: 78355HLC1<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |   1318000 | PA      | $1340575.13   | 0.15%             | 2029-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                           | Ballyrock CLO 14 Ltd                                                                                                       | CUSIP: 05874XAL3<br>LEI: 254900GXTF670X967J67 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2005770.00   | 0.23%             | 2037-07-20      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                       | Ares Capital Corp                                                                                                          | CUSIP: 04010LBE2<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   3040000 | PA      | $3136634.70   | 0.36%             | 2027-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HEICO CORP                                              | HEICO Corp                                                                                                                 | CUSIP: 422806AA7<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |   2970000 | PA      | $3046903.70   | 0.35%             | 2028-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                             | Swedbank AB                                                                                                                | CUSIP: 87020PAX5<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   3000000 | PA      | $3063748.41   | 0.35%             | 2026-09-12      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                    | Long: BDWE96ZG0 TRS USD R F  1.00000 BDWE96ZH8 COMMODITYTRS / Short: BDWE96ZG0 TRS USD P F   .11000 BDWE96ZJ4 COMMODITYTRS | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DCO              |  | CA        |  57627000 | OU      | $-1801088.66  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                    | RLJ Lodging Trust LP                                                                                                       | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |    240000 | PA      | $237581.28    | 0.03%             | 2026-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                   | Athene Global Funding                                                                                                      | CUSIP: 04685A3S8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3524168.13   | 0.40%             | 2026-02-23      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| COTY INC                                                | Coty Inc                                                                                                                   | CUSIP: 222070AE4<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |    462000 | PA      | $461386.70    | 0.05%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac STACR REMIC Trust 2021-DNA7                                                                                    | CUSIP: 35564KMH9<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | USGSE             | US        |   1200000 | PA      | $1208571.48   | 0.14%             | 2041-11-25      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                                                                                      | CUSIP: 60510MBW7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000070.30   | 0.11%             | 2031-09-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                | Occidental Petroleum Corp                                                                                                  | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3511256.00   | 0.40%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC                                 | O'Reilly Automotive Inc                                                                                                    | CUSIP: 67103HAM9<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |   2420000 | PA      | $2462878.55   | 0.28%             | 2026-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Floating Rate Notes                                                                                          | CUSIP: 91282CLA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35000000 | PA      | $35035195.30  | 3.98%             | 2026-07-31      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                            | Voya CLO 2014-2 Ltd                                                                                                        | CUSIP: 92912VAY1<br>LEI: 549300L8S87K3SMP0R77 | Long             | ABS-CBDO         | CORP              | KY        |     12015 | PA      | $12015.00     | 0.00%             | 2030-04-17      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Maldives Islamic Bank PLC                               | Long: BDWE96YB2 TRS USD R F  1.00000 BDWE96YC0 COMMODITYTRS / Short: BDWE96YB2 TRS USD P F   .10000 BDWE96YD8 COMMODITYTRS | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |   7780000 | OU      | $345977.69    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CVS Health Corp                                         | CVS Health Corp                                                                                                            | CUSIP: 126650CL2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2858000 | PA      | $2855815.77   | 0.32%             | 2025-07-20      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust              | JPMDB Commercial Mortgage Securities Trust 2016-C4                                                                         | CUSIP: 46646RAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $951178.60    | 0.11%             | 2049-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                                 | CF Hippolyta Issuer LLC                                                                                                    | CUSIP: 12530MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2497479 | PA      | $2471129.03   | 0.28%             | 2060-07-15      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| Balboa Bay Loan Funding Ltd                             | Balboa Bay Loan Funding 2024-1 Ltd                                                                                         | CUSIP: 05766NAA0<br>LEI: 254900ZDWC7EDY07BS61 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $752125.50    | 0.09%             | 2037-07-20      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                                  | CUSIP: 00774MBL8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1121000 | PA      | $1121248.53   | 0.13%             | 2029-09-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                  | Santander Drive Auto Receivables Trust 2022-5                                                                              | CUSIP: 80287HAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    643801 | PA      | $643610.97    | 0.07%             | 2028-10-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                               | ONEOK Inc                                                                                                                  | CUSIP: 682680BR3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3002336.28   | 0.34%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                                    | Kyndryl Holdings Inc                                                                                                       | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3391889.48   | 0.39%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                          | CPS Auto Receivables Trust 2021-D                                                                                          | CUSIP: 12658VAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $987475.10    | 0.11%             | 2028-12-15      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                                     | LYB International Finance III LLC                                                                                          | CUSIP: 50249AAF0<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   1962000 | PA      | $1944833.32   | 0.22%             | 2025-10-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                                | Columbia Pipelines Holding Co LLC                                                                                          | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    770000 | PA      | $779386.18    | 0.09%             | 2026-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                 | Starwood Property Trust Inc                                                                                                | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |   1000000 | PA      | $983006.60    | 0.11%             | 2026-07-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                     | Long: BDWE9QQV3 TRS USD R F  1.00000 BDWE9QQW1 COMMODITYTRS / Short: BDWE9QQV3 TRS USD P F   .09000 BDWE9QQX9 COMMODITYTRS | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              |  | FR        |  20000000 | OU      | $-997890.60   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                  | Diamondback Energy Inc                                                                                                     | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1692811.11   | 0.19%             | 2027-04-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                    | Las Vegas Sands Corp                                                                                                       | CUSIP: 517834AJ6<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1532499.39   | 0.17%             | 2027-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Issuer LLC                   | New Economy Assets - Phase 1 Sponsor LLC                                                                                   | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1125000 | PA      | $1031446.69   | 0.12%             | 2061-10-20      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| GCAT                                                    | GCAT 2021-NQM2 Trust                                                                                                       | CUSIP: 36166XAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    561388 | PA      | $481913.00    | 0.05%             | 2066-05-25      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                        | COLT Funding LLC                                                                                                           | CUSIP: 19688DAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    163398 | PA      | $150367.70    | 0.02%             | 2064-12-25      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                   | LME COPPER FUTURE JUL25                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -65 | NC      | $-559607.75   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| KEY BANK NA                                             | KeyBank NA/Cleveland OH                                                                                                    | CUSIP: 49327V2A1<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3955229.92   | 0.45%             | 2026-05-20      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                | Lloyds Banking Group PLC                                                                                                   | CUSIP: 53944YAT0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1440000 | PA      | $1439399.66   | 0.16%             | 2026-08-11      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                     | Intesa Sanpaolo SpA                                                                                                        | CUSIP: 46115HBU0<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    890000 | PA      | $897017.28    | 0.10%             | 2025-11-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                   | DB Master Finance LLC                                                                                                      | CUSIP: 233046AK7<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   2356250 | PA      | $2335713.87   | 0.27%             | 2049-05-20      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| One New York Plaza Trust 2020-1NYP                      | One New York Plaza Trust 2020-1NYP                                                                                         | CUSIP: 68249DAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2378000 | PA      | $2293824.51   | 0.26%             | 2036-01-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| CENTRAL AMERICAN BANK                                   | Central American Bank for Economic Integration                                                                             | CUSIP: 15238PAH9<br>LEI: 549300OLDAMXBPSHIC05 | Long             | DBT              | NUSS              | XX        |   2500000 | PA      | $2506626.78   | 0.29%             | 2026-02-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WORKDAY INC                                             | Workday Inc                                                                                                                | CUSIP: 98138HAG6<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1411494.07   | 0.16%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                  | Long: BDWE97118 TRS USD R F  1.00000 BDWE97126 COMMODITYTRS / Short: BDWE97118 TRS USD P F   .38680 BDWE97134 COMMODITYTRS | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DCO              |  | US        |  25834500 | OU      | $-602220.54   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                  | Chase Auto Owner Trust 2022-A                                                                                              | CUSIP: 16144JAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1040000 | PA      | $1042283.84   | 0.12%             | 2028-07-25      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                             | Chemours Co/The                                                                                                            | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1238820.38   | 0.14%             | 2027-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | Long: BDWE96CN0 TRS USD R F  1.00000 BDWE96CP5 COMMODITYTRS / Short: BDWE96CN0 TRS USD P F   .00000 BDWE96CQ3 COMMODITYTRS | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCO              |  | US        |  22430000 | OU      | $-196707.06   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                                  | COFFEE 'C' FUTURE DEC25                                                                                                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       -70 | NC      | $1477323.34   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Commercial Mortgage Trust                           | UBS Commercial Mortgage Trust 2017-C1                                                                                      | CUSIP: 90276EAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  23878017 | PA      | $466392.59    | 0.05%             | 2050-06-15      | Variable      | 1.62%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                        | COLT 2021-HX1 Mortgage Loan Trust                                                                                          | CUSIP: 19688KAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1108275 | PA      | $956859.66    | 0.11%             | 2066-10-25      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                          | Carvana Auto Receivables Trust 2022-P2                                                                                     | CUSIP: 14686JAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140613 | PA      | $140557.03    | 0.02%             | 2027-04-12      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                             | Long: BDWE971R1 TRS USD R F  1.00000 BDWE971S9 COMMODITYTRS / Short: BDWE971R1 TRS USD P F   .00000 BDWE971T7 COMMODITYTRS | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        |  35780000 | OU      | $302263.36    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust 2015-C31                                                                             | CUSIP: 94989WAT4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         2 | PA      | $2.34         | 0.00%             | 2048-11-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| WRKCo Inc                                               | WRKCo Inc                                                                                                                  | CUSIP: 92940PAE4<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3947618.48   | 0.45%             | 2028-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                  | Marriott International Inc/MD                                                                                              | CUSIP: 571903BP7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   1960000 | PA      | $1987527.65   | 0.23%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                                         | Concentrix Corp                                                                                                            | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $2260066.03   | 0.26%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.        | Freddie Mac Multifamily Structured Pass Through Certificates                                                               | CUSIP: 3137BSP98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  21246786 | PA      | $167165.46    | 0.02%             | 2026-08-25      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                                          | MVW 2020-1 LLC                                                                                                             | CUSIP: 55400EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     77924 | PA      | $75537.25     | 0.01%             | 2037-10-20      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| Commodities Exchange Center                             | SILVER FUTURE SEP25                                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -60 | NC      | $-57100.20    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                | Penske Truck Leasing Co Lp / PTL Finance Corp                                                                              | CUSIP: 709599BM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2918212.11   | 0.33%             | 2026-06-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                | Capital One Financial Corp                                                                                                 | CUSIP: 14040HDB8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1940000 | PA      | $2004467.21   | 0.23%             | 2027-10-29      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                        | Hewlett Packard Enterprise Co                                                                                              | CUSIP: 42824CBR9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1377000 | PA      | $1379160.99   | 0.16%             | 2026-09-25      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                     | PenFed Auto Receivables Owner Trust 2022-A                                                                                 | CUSIP: 706874AE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1348597.89   | 0.15%             | 2028-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ESSENT GROUP LTD                                        | Essent Group Ltd                                                                                                           | CUSIP: 29669JAA7<br>LEI: 254900QUO860OUT6ZF83 | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $6214085.34   | 0.71%             | 2029-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust 2020-INV1           | Starwood Mortgage Residential Trust 2020-INV                                                                               | CUSIP: 85573EAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    198596 | PA      | $188288.71    | 0.02%             | 2055-11-25      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                     | Long: BDWE9LY52 TRS USD R F  1.00000 BDWE9LY60 COMMODITYTRS / Short: BDWE9LY52 TRS USD P F   .12000 BDWE9LY78 COMMODITYTRS | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              |  | US        |  41162000 | OU      | $-1412569.11  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                      | Long: BDWE970L5 TRS USD R F  1.00000 BDWE970M3 COMMODITYTRS / Short: BDWE970L5 TRS USD P F   .13000 BDWE970N1 COMMODITYTRS | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DCO              |  | US        |  32930000 | OU      | $-1130069.02  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| BORGWARNER INC                                          | BorgWarner Inc                                                                                                             | CUSIP: 099724AP1<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |   1680000 | PA      | $1704374.38   | 0.19%             | 2029-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                | Long: BDWE96Z39 TRS USD R F  1.00000 BDWE96Z47 COMMODITYTRS / Short: BDWE96Z39 TRS USD P F   .45000 BDWE96Z54 COMMODITYTRS | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              |  | US        |  16660000 | OU      | $209602.79    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                                 | Long: BDWE96CA8 TRS USD R F  1.00000 BDWE96CB6 COMMODITYTRS / Short: BDWE96CA8 TRS USD P F   .08550 BDWE96CC4 COMMODITYTRS | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  26344000 | OU      | $-809854.34   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                       | Eversource Energy                                                                                                          | CUSIP: 30040WAY4<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1462767.44   | 0.17%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                    | BlueMountain Fuji US Clo II Ltd                                                                                            | CUSIP: 09629EAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4001216.00   | 0.46%             | 2030-10-20      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                    | Long: BDWE96XQ0 TRS USD R F  1.00000 BDWE96XR8 COMMODITYTRS / Short: BDWE96XQ0 TRS USD P F   .35000 BDWE96XS6 COMMODITYTRS | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DCO              |  | CA        |  12520000 | OU      | $-173389.73   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| EQUINIX INC                                             | Equinix Inc                                                                                                                | CUSIP: 29444UBK1<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |   3600000 | PA      | $3571480.58   | 0.41%             | 2025-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust 2016-C34                                                                             | CUSIP: 95000DBB6<br>LEI: 549300FWFHJGIW2B2U59 | Long             | ABS-MBS          | CORP              | US        |     43631 | PA      | $43546.71     | 0.00%             | 2049-06-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Zayo Issuer LLC                                         | Zayo Issuer LLC                                                                                                            | CUSIP: 98919WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2578917.00   | 0.29%             | 2055-06-20      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BXP Trust 2017-CQHP                                                                                                        | CUSIP: 12433QAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    502736 | PA      | $482959.18    | 0.05%             | 2034-11-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | Long: BDWE96XZ0 TRS USD R F  1.00000 BDWE96Y06 COMMODITYTRS / Short: BDWE96XZ0 TRS USD P F   .00000 BDWE96Y14 COMMODITYTRS | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              |  | US        | 330629000 | OU      | $-4017919.33  | -0.46%            |  |  |  | No            |                  2 | On Loan: No      |
| London Metal Exchange                                   | LME COPPER FUTURE JUL25                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        65 | NC      | $444961.75    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON INVESTMENTS SIX DAC                                | Icon Investments Six DAC                                                                                                   | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   4170000 | PA      | $4257161.42   | 0.48%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                     | NatWest Markets PLC                                                                                                        | CUSIP: 63906YAH1<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   2090000 | PA      | $2134234.79   | 0.24%             | 2027-05-17      | Fixed         | 5.42%                 | No            |                  2 | On Loan: —       |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust 2021-4                                                                                 | CUSIP: 30165JAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1233530.38   | 0.14%             | 2028-01-17      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                            | Broadcom Inc                                                                                                               | CUSIP: 11135FBZ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1338671.94   | 0.15%             | 2027-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Crossroads Asset Trust                                  | Crossroads Asset Trust 2025-A                                                                                              | CUSIP: 22767VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1240000 | PA      | $1242954.42   | 0.14%             | 2032-02-20      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                | Penske Truck Leasing Co Lp / PTL Finance Corp                                                                              | CUSIP: 709599BL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3155000 | PA      | $3113775.89   | 0.35%             | 2025-11-15      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                           | Aircastle Ltd                                                                                                              | CUSIP: 00928QAT8<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $1999839.82   | 0.23%             | 2025-08-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                  | General Motors Financial Co Inc                                                                                            | CUSIP: 37045XEZ5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2174000 | PA      | $2170266.35   | 0.25%             | 2029-10-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                          | Carvana Auto Receivables Trust 2022-P3                                                                                     | CUSIP: 14686MAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1359208.89   | 0.15%             | 2028-10-10      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                     | Bank of Nova Scotia/The                                                                                                    | CUSIP: 06418JAA9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5070985.45   | 0.58%             | 2026-12-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                | Microchip Technology Inc                                                                                                   | CUSIP: 595017BE3<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1351201.22   | 0.15%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Floating Rate Notes                                                                                          | CUSIP: 91282CLT6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38000000 | PA      | $38045752.00  | 4.33%             | 2026-10-31      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                | Long: BDWE96Z05 TRS USD R F  1.00000 BDWE96Z13 COMMODITYTRS / Short: BDWE96Z05 TRS USD P F   .14900 BDWE96Z21 COMMODITYTRS | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              |  | US        |   3000000 | OU      | $-57894.54    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-22

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

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer