# EDGAR Filing Document

**Accession Number:** 0000088525
**File Stem:** 0000940400-26-022562
**Filing Date:** 2026-6
**Character Count:** 106081
**Document Hash:** c5a8da3e4c8de25bf4b0fa16ba0d741d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022562.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022562

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GUGGENHEIM FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000088525

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01136
- **FILM NUMBER:** 261048169

**BUSINESS ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 301-296-5100

**MAIL ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SECURITY EQUITY FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Guggenheim Active INvestment Series (GAINS)-Limited Duration Fund (Series ID: S000085234)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000250201 | SMA Class    | GULDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Guggenheim Funds Trust

- **b. Investment Company Act file number:** 811-01136

- **c. CIK number of Registrant:** 0000088525

- **d. LEI of Registrant:** 54930033G24U3UGWK691

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

  - **Street Address 1:** 702 KING FARM BOULEVARD

  - **City:** ROCKVILLE

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 301-296-5100

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

- **a. Name of Series:** Guggenheim Active INvestment Series (GAINS)-Limited Duration Fund

- **b. EDGAR series identifier (if any):** S000085234

- **c. LEI of Series:** 254900SH2QUUHB6Q4343

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $22692018.93

**Total Liabilities:** $2115933.69

**Net Assets:** $20576085.24

**Stand-by Commitments:** $1528251.99

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 493.62937650 | **1-Year:** 2459.25651090 | **5-Year:** 2606.89189740 | **10-Year:** 750.57373380 | **30-Year:** 0.00000000

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

- **3-Month:** 73.23281600 | **1-Year:** 152.87587750 | **5-Year:** 517.01889410 | **10-Year:** 81.59070060 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250201 | 0.44%                | 0.21%                | -0.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $766.53                  | $1229.89                                   |
| Month 2  | $-2144.88                | $14352.24                                  |
| Month 3  | $-5597.44                | $-154409.50                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                   | Title                                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Avis Budget Rental Car Funding AESOP LLC               | AESOP 2025-1A B                                                    | CUSIP: 05377RKM5<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201342.72    | 0.98%             | 2029-08-20      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                      | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -260000 | NC      | $-987.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRTX 2025-FL6 ISSUER LTD                               | TRTX 2025-FL6 A                                                    | CUSIP: 897764AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99915.31     | 0.49%             | 2042-09-18      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| MERLIN BUYER INC                                       | MERLIN BUYER INC                                                   | CUSIP: 000000000<br>LEI: 2549008CJ699WXZAWW31 | Long             | LON              | CORP              | US        |     50000 | PA      | $50000.00     | 0.24%             | 2033-03-25      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| HLEND CLO 2025-4 LLC                                   | HLEND 2025-4A B                                                    | CUSIP: 43367AAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    150000 | PA      | $149543.18    | 0.73%             | 2037-08-17      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| PMT LOAN TRUST 2025-INV8                               | PMTLT 2025-INV8 A7                                                 | CUSIP: 73015EAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    204355 | PA      | $206964.02    | 1.01%             | 2056-07-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                  | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              | CORP              | US        |   -434000 | NC      | $-1651.93     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                            | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |    523000 | NC      | $1941.31      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| OBX 2024-NQM12 TRUST                                   | OBX 2024-NQM12 A3                                                  | CUSIP: 67448PAC7<br>LEI: 254900MY906NOBBPOA44 | Long             | ABS-O            | CORP              | US        |     60164 | PA      | $60311.84     | 0.29%             | 2064-07-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Trust 2024-CES1             | VSTA 2024-CES1 A1                                                  | CUSIP: 92839HAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     47068 | PA      | $47557.95     | 0.23%             | 2054-05-25      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| Focus Financial Partners LLC                           | FOCS 6.75 09/15/31 144A                                            | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9931.46      | 0.05%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SLAM 2024-1 LTD                                        | SLAM 2024-1A A                                                     | CUSIP: 83100AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    451389 | PA      | $449658.67    | 2.19%             | 2049-09-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Cidron Atrium SE                                       | ALLOHE F 02/15/33 144A                                             | CUSIP: 000000000<br>LEI: 2549004YHD7GOLT9Y166 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $112969.67    | 0.55%             | 2033-02-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| OWL ROCK CLO III LLC                                   | OR 2020-3A AR                                                      | CUSIP: 69120DAA9<br>LEI: 2549004CIDJSHLSPXF37 | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $300090.21    | 1.46%             | 2036-04-21      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Clearwater Analytics                                   | Clearwater Analytics Term Loan B 225 2032-02-02                    | CUSIP: 18512EAF9<br>LEI: 894500N8DN2JO5ZDRQ11 | Long             | LON              | CORP              | US        |     99500 | PA      | $99375.63     | 0.48%             | 2032-04-21      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| SBA Tower Trust                                        | SBATOW 4.831 10/15/29 144A                                         | CUSIP: 78403DBD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50000 | PA      | $50217.82     | 0.24%             | 2029-10-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming                                      | Genesee & Wyoming Term Loan B 175 2031-04-01                       | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |     49748 | PA      | $49473.51     | 0.24%             | 2031-04-10      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| American National Global Funding                       | ANGINC 5.25 06/03/30 144A                                          | CUSIP: 02771D2B9<br>LEI: 63540033TQXTOXKK1L93 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29877.74     | 0.15%             | 2030-06-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2024-NQM1                     | JPMMT 2024-NQM1 A3                                                 | CUSIP: 465983AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     64845 | PA      | $65030.41     | 0.32%             | 2064-02-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2025-5               | CHASE 2025-5 A4A                                                   | CUSIP: 161935AE1<br>LEI: 529900V91KVGSU3Z1A61 | Long             | ABS-O            | CORP              | US        |     97052 | PA      | $96999.12     | 0.47%             | 2056-04-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                | GBLATL 5.4 01/13/30 144A                                           | CUSIP: 36143L2R5<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150138.70    | 0.73%             | 2030-01-13      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Sweetwater Sound                                       | Sweetwater Sound Term Loan B 400 2033-02-01                        | CUSIP: 87168EAD6<br>LEI: 254900JJU57789DC8283 | Long             | LON              | CORP              | US        |     50000 | PA      | $49969.00     | 0.24%             | 2033-02-11      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                            | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -218750 | NC      | $-218.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CAPSTONE ACQUISITION 1L DDTL FUND                      | CAPSTONE ACQUISITION 1L DDTL FUND                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       801 | PA      | $797.80       | 0.00%             | 2029-11-13      | Floating      | 8.27%                 | No            |                  3 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-59342.75    | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| BXHPP TRUST 2021-FILM                                  | BXHPP 2021-FILM C                                                  | CUSIP: 05609JAL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $21687.50     | 0.11%             | 2036-08-15      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                       | VBTEL 2026-1A D                                                    | CUSIP: 91825HAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $196639.06    | 0.96%             | 2056-03-15      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-8643.05     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BULLDOG PURCHASER INC                                  | BULLDOG PURCHASER INC                                              | CUSIP: 12021GAH7<br>LEI: 254900JB2GC3Q5OISZ63 | Long             | LON              | CORP              | US        |    100000 | PA      | $99750.00     | 0.48%             | 2033-01-31      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| NLT 2025-NQM1 TRUST                                    | NLT 2025-NQM1 PT                                                   | CUSIP: 629154AJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    318875 | PA      | $333165.15    | 1.62%             | 2070-10-25      | Variable      | 7.46%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM1 TRUST                                    | OBX 2025-NQM1 A1                                                   | CUSIP: 673914AC1<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-O            | CORP              | US        |    152106 | PA      | $152700.03    | 0.74%             | 2064-12-25      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association              | EUR/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $676.16       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Six Flags Entertainment Corp.                          | FUN 6.625 05/01/32 144A                                            | CUSIP: 83002YAA7<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24939.95     | 0.12%             | 2032-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                            | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -306250 | NC      | $-1406.73     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Securities Cash Management            | Dreyfus Treasury Securities Cash Management INSTL SHS              | CUSIP: 261941108<br>LEI: 549300U78VESCW509025 | Long             | STIV             | RF                | US        |    135837 | NS      | $135836.85    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| HLEND CLO 2025-3 LLC                                   | HLEND 2025-3A A                                                    | CUSIP: 403961AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $248952.13    | 1.21%             | 2037-01-20      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| CAPSTONE ACQUISITION 1L TL                             | CAPSTONE ACQUISITION 1L TL                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      9057 | PA      | $9020.72      | 0.04%             | 2029-11-12      | Floating      | 8.27%                 | No            |                  3 | On Loan: No      |
| KROLL (DEERFIELD) 1L TLB CL USD                        | KROLL (DEERFIELD) 1L TLB CL USD                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100829 | PA      | $100465.71    | 0.49%             | 2032-09-13      | Floating      | 4.72%                 | No            |                  3 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $15587.41     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| LOANCORE 2025-CRE8 ISSUER LLC                          | LNCR 2025-CRE8 B                                                   | CUSIP: 53947FAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99696.58     | 0.48%             | 2042-08-18      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC                                  | SWTCH 2025-1A A2                                                   | CUSIP: 871044AL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $96344.45     | 0.47%             | 2055-03-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                            | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -350000 | NC      | $-1467.95     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CROSS 2025-H1 MORTGAGE TRUST                           | CROSS 2025-H1 A3                                                   | CUSIP: 22758NAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    108073 | PA      | $108490.86    | 0.53%             | 2070-02-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Citadel Securities Global Holdings LLC                 | CITSEC 5.125 01/27/32                                              | CUSIP: 17289RAE6<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248015.60    | 1.21%             | 2032-01-27      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC                    | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -340000 | NC      | $-773.57      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2025-6                          | SEMT 2025-6 A11                                                    | CUSIP: 81749YAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     57695 | PA      | $57736.04     | 0.28%             | 2055-07-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| ARBYS FUNDING LLC                                      | ARBYS 2020-1A A2                                                   | CUSIP: 038779AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     94500 | PA      | $92194.64     | 0.45%             | 2050-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                              | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |    341000 | NC      | $1568.97      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Abpci Direct Lending Fd Clo V Ltd                      | ABPCI 2019-5A A1RR                                                 | CUSIP: 000807AW7<br>LEI: 984500FF7HO36E8A1F66 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100249.73    | 0.49%             | 2036-01-22      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| ContourGlobal Power Holdings S.A.                      | CONGLO 5 02/28/30 144a                                             | CUSIP: 000000000<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $115564.15    | 0.56%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | Three-Month SOFR Futures, Dec-2026,ETH                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -10 | NC      | $13027.90     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAVO Residential Funding Trust 2022-NQM3              | BRAVO 2025-NQM1 A2                                                 | CUSIP: 10569MAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     74218 | PA      | $74476.40     | 0.36%             | 2064-12-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| Brown & Brown Inc                                      | BRO 4.7 06/23/28                                                   | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100289.39    | 0.49%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Aramark                                                | Aramark Term Loan B-10 175 2030-06-01                              | CUSIP: 03852JBC4<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |     94670 | PA      | $94670.05     | 0.46%             | 2030-06-24      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-3                      | VERUS 2023-3 A3                                                    | CUSIP: 92539GAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     99934 | PA      | $99588.17     | 0.48%             | 2068-03-25      | Variable      | 6.74%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC                 | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              | CORP              | GB        |   -782000 | NC      | $-2976.52     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                      | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |    340000 | NC      | $2340.91      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TR 2024-9                         | VERUS 2024-9 A3                                                    | CUSIP: 92540RAE4<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-O            | CORP              | US        |     76056 | PA      | $76327.32     | 0.37%             | 2069-11-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-RPL3 LLC                                     | PRPM 2025-RPL3 A2                                                  | CUSIP: 69392NAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $95819.65     | 0.47%             | 2055-04-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                      | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |    434000 | NC      | $2376.55      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hunter Douglas                                         | Hunter Douglas Term Loan B 325 2032-01-05                          | CUSIP: 000000000<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |     79000 | PA      | $78539.43     | 0.38%             | 2032-01-20      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| KROLL (DEERFIELD) 1L CL REV UNFUND                     | KROLL (DEERFIELD) 1L CL REV UNFUND                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      2277 | PA      | $2277.35      | 0.01%             | 2032-09-13      | Floating      | 8.48%                 | No            |                  3 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM3          | NRZT 2025-NQM3 A1                                                  | CUSIP: 64832CAC7<br>LEI: 2138002D8CMDYG7QOU84 | Long             | ABS-O            | CORP              | US        |     78791 | PA      | $79174.23     | 0.38%             | 2065-05-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc.   | RKT 2.875 10/15/26 144A                                            | CUSIP: 77313LAA1<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24729.56     | 0.12%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                     | VEGLPL 7.5 05/01/33 144A                                           | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     40000 | PA      | $43968.16     | 0.21%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES 2024-SFR1 TRUST                       | IHSFR 2024-SFR1 B                                                  | CUSIP: 46188DAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $96497.05     | 0.47%             | 2041-09-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PCI Gaming                                             | PCI Gaming Term Loan B 200 2031-05-29                              | CUSIP: 70455DAG9<br>LEI: 549300KPXAJ1LRW5LP59 | Long             | LON              | CORP              | US        |     29475 | PA      | $29443.46     | 0.14%             | 2031-07-21      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                            | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -523000 | NC      | $-1524.70     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BSPDF 2025-FL2 ISSUER LLC                              | BSPDF 2025-FL2 A                                                   | CUSIP: 05615KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99882.97     | 0.49%             | 2042-12-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                      | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -434000 | NC      | $-1651.93     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GCAT 2022-NQM3 TRUST                                   | GCAT 2022-NQM3 A1                                                  | CUSIP: 36168MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75028 | PA      | $74771.61     | 0.36%             | 2067-04-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| ALTDE 2025-1 TRUST                                     | ALTDE 2025-1A A                                                    | CUSIP: 00166NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    231420 | PA      | $232799.95    | 1.13%             | 2050-08-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| MILL CITY SECURITIES 2024-RS1 LTD                      | MCMLT 2024-RS1 A1                                                  | CUSIP: 599920AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     57409 | PA      | $54755.57     | 0.27%             | 2069-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VANTAGE DATA CENTERS ISSUER LLC                        | VDC 2025-1A A2                                                     | CUSIP: 92212KAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $97834.84     | 0.48%             | 2055-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                      | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |    260000 | NC      | $1421.65      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FOUNDATION FINANCE TRUST 2024-2                        | FFIN 2024-2A B                                                     | CUSIP: 35040VAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     79200 | PA      | $79109.09     | 0.38%             | 2050-03-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE CLO 2024-3 LTD                           | PLMRS 2024-3A B                                                    | CUSIP: 69688GAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250137.58    | 1.22%             | 2037-07-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                  | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              | CORP              | US        |   -261000 | NC      | $-991.27      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | Options on Three-Month SOFR Futures                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |        15 | NC      | $1687.50      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-5                      | VERUS 2025-5 A1                                                    | CUSIP: 92540XAA9<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-O            | CORP              | US        |     83389 | PA      | $83655.38     | 0.41%             | 2070-06-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS I LLC                                   | QTS 2025-1A A2                                                     | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98886.72     | 0.48%             | 2055-05-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                              | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |    260000 | NC      | $1188.47      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GCAT 2025-NQM4 Trust                                   | GCAT 2025-NQM4 A1                                                  | CUSIP: 367923AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170984 | PA      | $171568.67    | 0.83%             | 2070-06-25      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ICON Investments Six DAC                               | ICLR 5.809 05/08/27                                                | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $201012.66    | 0.98%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| TRICON RESIDENTIAL 2025-SFR2 TRUST                     | TCN 2025-SFR2 B                                                    | CUSIP: 89617FAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     99901 | PA      | $99165.11     | 0.48%             | 2044-08-18      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| BR SECONDARIES & LQDITY SOLUTIONS                      | BR SECONDARIES & LQDITY SOLUTIONS                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     98426 | PA      | $98436.92     | 0.48%             | 2030-06-15      | Floating      | 6.60%                 | No            |                  3 | On Loan: No      |
| MADISON PARK FUNDING XXXIV LTD                         | MDPK 2025-71A B                                                    | CUSIP: 55817DAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249266.63    | 1.21%             | 2038-04-23      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                         | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              | CORP              | US        |    699000 | NC      | $3216.15      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NYMT LOAN TRUST 2026-INV2                              | NYMT 2026-INV2 A1                                                  | CUSIP: 62957XAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100530.54    | 0.49%             | 2061-04-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC                    | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -306250 | NC      | $-253.20      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STAR 2025-SFR6 TRUST                                   | STAR 2025-SFR6 A                                                   | CUSIP: 85520EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100000.00    | 0.49%             | 2042-08-19      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| ARES DIRECT LENDING CLO 1 LLC                          | ARESDL 2024-1A B                                                   | CUSIP: 04020RAC2<br>LEI: 254900W79C3ALKJIMH12 | Long             | ABS-CBDO         | CORP              | US        |    200000 | PA      | $199570.36    | 0.97%             | 2036-04-25      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| NAVIGATOR 2024-1 AVIATION LIMITED                      | NAVTR 2024-1 A                                                     | CUSIP: 63943DAA7<br>LEI: 984500UF8C3O89B30652 | Long             | ABS-O            | CORP              | KY        |    221726 | PA      | $220351.70    | 1.07%             | 2049-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNMA-30YR                                                          | CUSIP: 01F050668<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    250000 | PA      | $246014.08    | 1.20%             | 2056-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Five Guys Funding LLC                                  | GUYS 2023-1A A2                                                    | CUSIP: 33830JAE5<br>LEI: 549300LV8X8T05G1H175 | Long             | ABS-O            | CORP              | US        |     98750 | PA      | $100579.25    | 0.49%             | 2054-01-25      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $33146.82     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                     | SUBWAY 2024-3A A2I                                                 | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     49375 | PA      | $48741.03     | 0.24%             | 2054-07-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | Options on Three-Month SOFR Futures                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -10 | NC      | $-1750.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Acrec 2025-FL3 LLC                                     | ACREC 2025-FL3 B                                                   | CUSIP: 00112HAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99799.47     | 0.49%             | 2042-08-18      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FDG TR 2025-NQM4                     | BRAVO 2025-NQM4 A1                                                 | CUSIP: 10570QAE1<br>LEI: 25490082TY9NA9XBGW19 | Long             | ABS-O            | CORP              | US        |    112080 | PA      | $112620.54    | 0.55%             | 2065-02-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.            | 2-Year T-Note Futures, Jun-2026,ETH                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         6 | NC      | $-2010.60     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Froneri                                                | Froneri Term Loan B 200 2031-09-02                                 | CUSIP: 000000000<br>LEI: 213800NRSZ1N2Y6LEX44 | Long             | LON              | CORP              | US        |     24750 | PA      | $24221.57     | 0.12%             | 2031-09-30      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-1                      | VERUS 2025-1 A1                                                    | CUSIP: 92540TAA8<br>LEI: 213800JOKZMXZECMAB50 | Long             | ABS-O            | CORP              | US        |    155464 | PA      | $156252.10    | 0.76%             | 2070-01-25      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FUNDING MORTGAGE TRUST 2025-1                | PFMT 2025-1 A3                                                     | CUSIP: 74388NAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     69454 | PA      | $69498.92     | 0.34%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $13761.15     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | JPY CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |     18000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| XPO Logistics                                          | XPO Logistics Term Loan B 175 2028-05-01                           | CUSIP: 98379EAL0<br>LEI: 54930096DB9LCLPN7H13 | Long             | LON              | CORP              | US        |     81429 | PA      | $81479.87     | 0.40%             | 2028-05-24      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| BARINGS CLO LTD 2022-III                               | BABSN 2022-3A BR                                                   | CUSIP: 06762VAJ5<br>LEI: 549300P3XUH38MXFT836 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100174.31    | 0.49%             | 2037-10-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| AmWINS Group                                           | AmWINS Group Term Loan B 200 2032-01-01                            | CUSIP: 03234TBB3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |     98750 | PA      | $97991.60     | 0.48%             | 2032-01-30      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $27830.40     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| JCP DIRECT LENDING CLO 2023-1 LTD                      | JCPDL 2023-1A A1R                                                  | CUSIP: 46656TAS5<br>LEI: 254900B78BA7J8JB6X59 | Long             | ABS-CBDO         | CORP              | JE        |    100000 | PA      | $100007.73    | 0.49%             | 2037-07-20      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2024-NQM2          | NRZT 2024-NQM2 A3                                                  | CUSIP: 64832BAE5<br>LEI: 213800Z6O4V4V96AU133 | Long             | ABS-O            | CORP              | US        |     64476 | PA      | $64115.69     | 0.31%             | 2064-09-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                      | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |    434000 | NC      | $1986.46      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | Options on Three-Month SOFR Futures                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |        10 | NC      | $2750.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-8005.86     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| THEVELIA (US) LLC                                      | THEVELIA US LLC                                                    | CUSIP: 88372KAH3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     24684 | PA      | $24170.17     | 0.12%             | 2029-06-18      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| ATLX 2024-RPL1                                         | ATLX 2024-RPL1 A1                                                  | CUSIP: 049915AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     86722 | PA      | $84331.63     | 0.41%             | 2064-04-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Gcat 2025-INV3 Trust                                   | GCAT 2025-INV3 A5                                                  | CUSIP: 36831DAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     83312 | PA      | $84122.88     | 0.41%             | 2055-08-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| TMF SAPPHIRE BIDCO BV                                  | TMF SAPPHIRE BIDCO BV                                              | CUSIP: 000000000<br>LEI: 213800H27OKZZZ2CB779 | Long             | LON              | CORP              | NL        |     79000 | PA      | $78960.50     | 0.38%             | 2028-05-03      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| Avantor Funding Inc                                    | AVTR 3.875 11/01/29 144A                                           | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117274.14    | 0.57%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HOTWIRE FUNDING LLC                                    | HWIRE 2024-1A B                                                    | CUSIP: 44148JAK5<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101724.67    | 0.49%             | 2054-06-20      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO X LLC                                     | OR 2023-10A AR                                                     | CUSIP: 69120EAG4<br>LEI: 254900EEGFBE25I6SS76 | Long             | ABS-CBDO         | CORP              | US        |    700000 | PA      | $701225.98    | 3.41%             | 2037-04-20      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| NLT 2026-NQM1 TRUST                                    | NLT 2026-NQM1 TRUST CMO 2071-02-25 USD                             | CUSIP: 62916WAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $365922.66    | 1.78%             | 2071-02-25      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| HOMES TR 2025-NQM1                                     | HOMES 2025-NQM1 A2                                                 | CUSIP: 43761DAD2<br>LEI: 254900LUV7YA0N50XT86 | Long             | ABS-O            | CORP              | US        |     82675 | PA      | $82884.57     | 0.40%             | 2070-01-25      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | JPY CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |     42000 | NC      | $16.04        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CLI FUNDING IX LLC                                     | CLIF 2025-1A A                                                     | CUSIP: 12571WAG8<br>LEI: 2549008S2Z91ASJFZL83 | Long             | ABS-O            | CORP              | US        |     92792 | PA      | $93485.10     | 0.45%             | 2050-06-20      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CROSS 2025-H6 MORTGAGE TRUST                           | CROSS 2025-H6 A1                                                   | CUSIP: 22758TAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     85667 | PA      | $85512.74     | 0.42%             | 2070-07-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| BSPRT 2024-FL11 ISSUER LLC                             | BSPRT 2024-FL11 B                                                  | CUSIP: 05613RAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99952.10     | 0.49%             | 2039-07-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                  | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              | CORP              | US        |    261000 | NC      | $1427.11      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                            | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |    340000 | NC      | $2340.91      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                      | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -340000 | NC      | $-773.57      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL PARTNERS CLO 49M-R2 LTD                  | GOCAP 2020-49A A1R2                                                | CUSIP: 38181HAC7<br>LEI: 254900HDEN0DKV4B8U17 | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100206.36    | 0.49%             | 2038-07-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Sirius Xm Radio LLC                                    | SIRI 3.125 09/01/26 144A                                           | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84459.44     | 0.41%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                      | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -218750 | NC      | $-893.21      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Anchorage Credit Funding 3 LTD/LLC                     | ANCHF 2016-3A A1R                                                  | CUSIP: 03330EAJ3<br>LEI: 5493003NNQWXMTSTMF21 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $239710.00    | 1.16%             | 2039-01-28      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2025-HE1           | GSMBS 2025-HE1 A1                                                  | CUSIP: 36272NAA2<br>LEI: 254900RIVK2GCJ08H839 | Long             | ABS-O            | CORP              | US        |    126836 | PA      | $126987.88    | 0.62%             | 2055-10-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Focus Financial                                        | Focus Financial Term Loan B-8 (add-on) 275 2031-09-01              | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |     29626 | PA      | $28628.84     | 0.14%             | 2031-09-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                        | CDS CDX.NA.HY.45.V1                                                | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-10908.15    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Nassau Companies Of New York                           | NASSAU 7.875 07/15/30 144A                                         | CUSIP: 63155AAA6<br>LEI: 549300Q3ENSFI87YLC32 | Long             | DBT              | CORP              | US        |     19000 | PA      | $17355.90     | 0.08%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | FHR 5550 DC                                                        | CUSIP: 3137HLKN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    164858 | PA      | $166090.34    | 0.81%             | 2051-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2021-NMR1                | MCMLT 2021-NMR1 M3                                                 | CUSIP: 59982HAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $100129.66    | 0.49%             | 2060-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC                 | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              | CORP              | GB        |    782000 | NC      | $4282.17      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp.                            | PNW 4.9 05/15/28                                                   | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100752.00    | 0.49%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Bravo Residential Funding Trust 2025-NQM7              | BRAVO 2025-NQM7 A1                                                 | CUSIP: 10570TAP0<br>LEI: 254900I1LYOO3G3UAT10 | Long             | ABS-O            | CORP              | US        |     86523 | PA      | $86798.58     | 0.42%             | 2065-07-25      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| Clarios (Power Solutions)                              | Clarios (Power Solutions) Term Loan B (Incremental) 275 2032-01-07 | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |     99500 | PA      | $99151.75     | 0.48%             | 2032-01-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNMA-15YR                                                          | CUSIP: 01F042459<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    268657 | PA      | $266491.01    | 1.30%             | 2041-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Jane Street Group                                      | Jane Street Group Term Loan B 200 2031-12-01                       | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |     98958 | PA      | $97035.57     | 0.47%             | 2031-12-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc.                                   | GHOST 2025-1A A                                                    | CUSIP: 37556TAA4<br>LEI: 549300WTZWR07K8MNV44 | Long             | ABS-O            | CORP              | US        |    237477 | PA      | $239186.07    | 1.16%             | 2050-03-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                    | MEDIND 3.875 04/01/29 144A                                         | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116083.42    | 0.56%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PMT LOAN TRUST 2025-INV7                               | PMTLT 2025-INV7 A7                                                 | CUSIP: 73015FAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     77931 | PA      | $78660.25     | 0.38%             | 2056-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| J P MORGAN MORTGAGE TRUST 2025-1                       | JPMMT 2025-1 A4                                                    | CUSIP: 46658UAE1<br>LEI: 529900DB310G9HU4BP72 | Long             | ABS-O            | CORP              | US        |     96978 | PA      | $97509.86     | 0.47%             | 2055-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-5 LLC                                        | PRPM 2025-5 A1                                                     | CUSIP: 69392RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90054 | PA      | $89866.41     | 0.44%             | 2030-07-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                              | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -260000 | NC      | $-755.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Level 3                                                | Level 3 Term Loan B-4 325 2032-03-01                               | CUSIP: 52729KAU0<br>LEI: 254900AE5FEFIJOXWL19 | Long             | LON              | CORP              | US        |     20000 | PA      | $19979.20     | 0.10%             | 2032-03-29      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| AREIT 2025-CRE10 LTD                                   | AREIT 2025-CRE10 A                                                 | CUSIP: 00193DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99738.39     | 0.48%             | 2029-12-17      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer Llc                        | SIDC 2025-1A A2                                                    | CUSIP: 85236KAP7<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98528.80     | 0.48%             | 2050-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                              | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -260000 | NC      | $-757.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BCRED CLO LTD                                          | BCRED CLO 2025-1 LLC                                               | CUSIP: 05556FAC7<br>LEI: 2549001W2Y6F50VEZG93 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249190.50    | 1.21%             | 2037-04-20      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION              | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        |   -522000 | NC      | $-1515.92     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STORE MASTER FUNDING I LLC                             | STR 2024-1A A2                                                     | CUSIP: 86212XAM2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     99042 | PA      | $100647.61    | 0.49%             | 2054-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL PARTNERS CLO 54M-R LTD                   | GOCAP 2021-54A A1R                                                 | CUSIP: 38181GAA3<br>LEI: 2549007JA1TZWEDGPD41 | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99810.17     | 0.49%             | 2037-08-05      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| ANCHOR MORTGAGE TRUST 2025-RTL1                        | ANCHR 2025-RTL1 A1                                                 | CUSIP: 03290CAA4<br>LEI: 254900S7O2LYCU17JI96 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99883.48     | 0.49%             | 2040-05-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| CIFC Funding 2022-I Ltd. / CIFC Funding 2022-I Llc     | CIFC 2022-1A B                                                     | CUSIP: 12570LAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250375.65    | 1.22%             | 2035-04-17      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-CES1 Trust                                   | EFMT 2025-CES1 A1A                                                 | CUSIP: 26846VAA2<br>LEI: 254900CMJGXNT3R7H775 | Long             | ABS-O            | CORP              | US        |     81819 | PA      | $82225.67     | 0.40%             | 2060-01-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-2 LLC                                        | PRPM 2025-2 A1                                                     | CUSIP: 69382HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     85966 | PA      | $85763.40     | 0.42%             | 2030-05-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN MA5854                                                          | CUSIP: 31418FQG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4015 | PA      | $4092.91      | 0.02%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KINETIC ABS ISSUER LLC                                 | UNITK 2026-1A A2                                                   | CUSIP: 49459AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99715.11     | 0.48%             | 2056-02-25      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| DOGWOOD TERM LOAN                                      | DOGWOOD TERM LOAN                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    141507 | PA      | $141864.19    | 0.69%             | 2032-06-24      | Fixed         | 6.45%                 | No            |                  3 | On Loan: No      |
| BDS 2025-FL14 LLC                                      | BDS 2025-FL14 AS                                                   | CUSIP: 072921AC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99316.00     | 0.48%             | 2042-10-21      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION              | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        |    522000 | NC      | $2386.08      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT STRUCTURED TRUS                    | CLAST 2025-1A A                                                    | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    226772 | PA      | $228392.30    | 1.11%             | 2050-02-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                              | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -350000 | NC      | $-319.16      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CCC Information Services                               | CCC Information Services Term Loan B 200 2032-01-12                | CUSIP: 12511BAC6<br>LEI: 5493006JEEL9RIWY5T17 | Long             | LON              | CORP              | US        |     99058 | PA      | $98191.23     | 0.48%             | 2032-01-23      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Bravo Residential Funding Trust 2025-Ces1              | BRAVO 2025-CES1 A1A                                                | CUSIP: 10569PAA4<br>LEI: 254900AZU85EXAPTTF77 | Long             | ABS-O            | CORP              | US        |    124744 | PA      | $125445.68    | 0.61%             | 2055-02-25      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                              | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -341000 | NC      | $-998.64      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2024-NQM6              | BRAVO 2024-NQM6 A2                                                 | CUSIP: 05613JAD8<br>LEI: 254900RNYV3TS5A5VX69 | Long             | ABS-O            | CORP              | US        |     62519 | PA      | $62590.72     | 0.30%             | 2064-08-01      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                              | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -350000 | NC      | $-1467.95     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FR RQ0095                                                          | CUSIP: 3142J6C92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    266161 | PA      | $267531.05    | 1.30%             | 2056-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                              | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |    260000 | NC      | $965.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                               | Neuberger Berman Loan Advisers CLO 47 Ltd                          | CUSIP: 64135DAL9<br>LEI: 549300JRWXK6DFJD7D06 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249971.85    | 1.21%             | 2035-04-16      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| AGL CLO 39 LTD                                         | AGL 2025-39A B                                                     | CUSIP: 00121XAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249450.40    | 1.21%             | 2038-04-20      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2023-CES2                    | TPMT 2023-CES2 A1A                                                 | CUSIP: 89182FAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     43851 | PA      | $44110.10     | 0.21%             | 2063-10-25      | Variable      | 7.29%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-RCF3 LLC                                     | PRPM 2025-6 A1                                                     | CUSIP: 69395KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89775 | PA      | $89581.85     | 0.44%             | 2028-08-25      | Variable      | 5.77%                 | No            |                  2 | On Loan: No      |
| COLT 2025-3 MORTGAGE LOAN TRUST                        | COLT 2025-3 A1                                                     | CUSIP: 12674LAA1<br>LEI: 2138001CIB6QBPMZRF93 | Long             | ABS-O            | CORP              | US        |     70185 | PA      | $70279.38     | 0.34%             | 2070-03-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| DYNASTY ACQUISITION CO. INC                            | DYNASTY ACQUISITION CO INC                                         | CUSIP: 26812CAN6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |     14308 | PA      | $14301.34     | 0.07%             | 2031-10-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST 2021-GS3                   | LMAT 2021-GS3 A1                                                   | CUSIP: 52474XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     58113 | PA      | $58131.33     | 0.28%             | 2061-07-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| PRPM 2026-1 LLC                                        | PRPM 2026-1 A1                                                     | CUSIP: 74449BAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98049 | PA      | $97013.38     | 0.47%             | 2031-02-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FDG TR 2024-NQM5                     | BRAVO 2024-NQM5 A3                                                 | CUSIP: 105925AC5<br>LEI: 254900RBHU9OC1RNXD92 | Long             | ABS-O            | CORP              | US        |     93227 | PA      | $93707.71     | 0.46%             | 2064-06-25      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | JPY CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |     81000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| F&G Global Funding                                     | FG 5.875 01/16/30 144A                                             | CUSIP: 30321L2J0<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25312.72     | 0.12%             | 2030-01-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Match Group Holdings II LLC                            | MTCHII 4.125 08/01/30 144A                                         | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46336.57     | 0.23%             | 2030-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SERVICE EXPERTS ISSUER 2025-1 LLC                      | SE 2025-1A A                                                       | CUSIP: 81758JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89183 | PA      | $88790.46     | 0.43%             | 2037-01-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                      | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -434000 | NC      | $-1651.93     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                             | DAEAVI L 10/31/31 19                                               | CUSIP: 26812CAP1<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |      5442 | PA      | $5439.78      | 0.03%             | 2031-10-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                            | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -350000 | NC      | $-319.16      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                            | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -306250 | NC      | $-253.20      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRICON RESIDENTIAL 2025-SFR1 TRUST                     | TCN 2025-SFR1 A                                                    | CUSIP: 895974AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197614 | PA      | $197242.99    | 0.96%             | 2042-03-19      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | Options on Three-Month SOFR Futures                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -15 | NC      | $-1218.75     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                     | VEGLPL 6.125 12/15/30 144A                                         | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25710.65     | 0.12%             | 2030-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | FHR 5505 DA                                                        | CUSIP: 3137HJ6S1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    151857 | PA      | $152804.35    | 0.74%             | 2051-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES1                          | RCKT 2025-CES1 A1A                                                 | CUSIP: 749427AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105513 | PA      | $106027.85    | 0.52%             | 2045-01-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | FHR 5499 B                                                         | CUSIP: 3137HJWE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     78155 | PA      | $78717.54     | 0.38%             | 2053-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TransDigm                                              | TransDigm Term Loan L (Incremental) 250 2032-01-01                 | CUSIP: 89364MCD4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     24688 | PA      | $24679.60     | 0.12%             | 2032-01-20      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                            | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -218750 | NC      | $-893.21      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC                    | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -306250 | NC      | $-1406.73     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ARES DIRECT LENDING CLO 2 LLC                          | ARESDL 2024-2A B                                                   | CUSIP: 04021CAE0<br>LEI: 254900G0OBAGPDEAK422 | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99708.41     | 0.48%             | 2036-10-20      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                            | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -340000 | NC      | $-773.57      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FORTRESS CR OPPORT CLO 2024-25                         | FCO 2024-25A A1T                                                   | CUSIP: 34966QAA1<br>LEI: 254900LX330DUDQM5Y53 | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $249980.20    | 1.21%             | 2037-01-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Grant Thornton                                         | Grant Thornton Term Loan B 275 2031-06-01                          | CUSIP: 38821UAD2<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |     99499 | PA      | $92482.68     | 0.45%             | 2031-06-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                              | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |    340000 | NC      | $2340.91      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Acrec 2025-FL3 LLC                                     | ACREC 2025-FL3 AS                                                  | CUSIP: 00112HAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99732.23     | 0.48%             | 2042-08-18      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                      | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -218750 | NC      | $-218.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                   | FIGRE 2024-HE6 C                                                   | CUSIP: 31684DAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    111890 | PA      | $112284.56    | 0.55%             | 2054-12-25      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                   | FIGRE 2024-HE4 A                                                   | CUSIP: 31684UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     68213 | PA      | $68242.17     | 0.33%             | 2054-09-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                   | FIGRE 2025-PF1 B                                                   | CUSIP: 316922AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     79070 | PA      | $79505.32     | 0.39%             | 2055-06-25      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                              | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -340000 | NC      | $-773.57      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AASET 2025-1 LTD                                       | AASET 2025-1A A                                                    | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    229774 | PA      | $231143.45    | 1.12%             | 2050-02-16      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                  | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              | CORP              | US        |    434000 | NC      | $1986.46      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                            | RCKT 2025-CES5 A1A                                                 | CUSIP: 74942CAA7<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-O            | CORP              | US        |    116869 | PA      | $117598.08    | 0.57%             | 2055-05-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2022-NQM3              | BRAVO 2024-NQM1 A1                                                 | CUSIP: 10570FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105239 | PA      | $105589.97    | 0.51%             | 2063-12-01      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| FS RIALTO 2025-FL10 ISSUER LLC                         | FSRIA 2025-FL10 AS                                                 | CUSIP: 30340KAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99696.64     | 0.48%             | 2042-08-19      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| BONDS 2024-FL13 LLC                                    | BDS 2024-FL13 AS                                                   | CUSIP: 05555MAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100113.34    | 0.49%             | 2039-09-20      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Ryan Specialty Group                                   | Ryan Specialty Group Term Loan B 225 2031-09-04                    | CUSIP: 78350UAJ4<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |     24750 | PA      | $24688.13     | 0.12%             | 2031-09-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | Three-Month SOFR Futures, Dec-2027,ETH                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |        10 | NC      | $-9867.25     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| FIGRE TRUST 2025-HE1                                   | FIGRE 2025-HE1 B                                                   | CUSIP: 30191LAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    114266 | PA      | $114977.62    | 0.56%             | 2055-01-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $9031.02      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PRPM 2026-2 LLC                                        | PRPM 2026-2 A1                                                     | CUSIP: 74390XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95430 | PA      | $95127.00     | 0.46%             | 2031-02-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| WhiteWater Matterhorn                                  | WhiteWater Matterhorn Term Loan B 175 2032-06-01                   | CUSIP: 96618PAC0<br>LEI: 2138009J7G187M6C4Q91 | Long             | LON              | CORP              | US        |     99750 | PA      | $99126.56     | 0.48%             | 2032-06-16      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | C V6.875 PERP GG                                                   | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50352.90     | 0.24%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM18 TRUST                                   | OBX 2024-NQM18 A3                                                  | CUSIP: 673913AC3<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-O            | CORP              | US        |     64100 | PA      | $64315.48     | 0.31%             | 2064-10-25      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| Citadel Enterprise                                     | Citadel Enterprise Term Loan B 200 2031-10-01                      | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |     19750 | PA      | $19761.06     | 0.10%             | 2031-10-31      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| HV STRUCTURED SOLUTIONS IV                             | HV STRUCTURED SOLUTIONS IV                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85517 | PA      | $84897.47     | 0.41%             | 2030-09-15      | Floating      | 6.85%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC                    | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |    340000 | NC      | $2340.91      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | FHR 5554 A                                                         | CUSIP: 3137HMA67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     70574 | PA      | $71040.42     | 0.35%             | 2053-04-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL PARTNERS CLO 46(M) LTD                   | GOCAP 2019-46A A1R                                                 | CUSIP: 38178UAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250066.13    | 1.22%             | 2037-04-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE STRATEGIC CAP HLDNG II                      | BLACKSTONE STRATEGIC CAP HLDNG II                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100000.00    | 0.49%             | 2033-12-31      | Floating      | 5.64%                 | No            |                  3 | On Loan: No      |
| OWL ROCK CLO VII LTD                                   | OR 2022-7A AR                                                      | CUSIP: 69121BAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $248963.23    | 1.21%             | 2038-04-20      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| BCRED MML CLO 2022-1                                   | BXCMM 2022-1A A1                                                   | CUSIP: 072917AA5<br>LEI: 2549008X01GXURMQIW78 | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100243.80    | 0.49%             | 2035-04-20      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2025-1                          | SEMT 2025-1 A4                                                     | CUSIP: 81743EAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    114840 | PA      | $115302.47    | 0.56%             | 2055-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Creative Planning                                      | Creative Planning Term Loan B 200 2031-05-05                       | CUSIP: 1261MAAE0<br>LEI: 254900A9E6SC2CI8V842 | Long             | LON              | CORP              | US        |     49622 | PA      | $49244.55     | 0.24%             | 2031-05-19      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                         | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              | CORP              | US        |   -699000 | NC      | $-2029.94     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Servpro Master Issuer Llc                              | SPRO 2024-1A A2                                                    | CUSIP: 817743AJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98000 | PA      | $100337.96    | 0.49%             | 2054-01-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| OBX Trust 2026-NQM2                                    | OBX 2026-NQM4 A1                                                   | CUSIP: 67124FAF3<br>LEI: 2549007DTHVTGCMU8X03 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99765.31     | 0.48%             | 2066-02-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| CERBERUS LOAN FUNDING 2025-50                          | CERB 2025-1A A                                                     | CUSIP: 15673UAA5<br>LEI: 635400VJODJ5OZQ2H763 | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99999.98     | 0.49%             | 2037-07-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Darling Global Finance Bv                              | DAR 4.5 07/15/32 144A                                              | CUSIP: 000000000<br>LEI: 724500R2BQXOR6YG2Y67 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $114999.42    | 0.56%             | 2032-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NYMT LOAN TRUST 2025-CP1                               | NYMT 2025-CP1 A1                                                   | CUSIP: 67121VAA2<br>LEI: 254900JF85A0S614L988 | Long             | ABS-O            | CORP              | US        |     91700 | PA      | $88243.01     | 0.43%             | 2069-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | JPY CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    101000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ELMWOOD CLO 38 LTD                                     | ELM38 2025-1A B1                                                   | CUSIP: 289908AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249818.98    | 1.21%             | 2038-04-22      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-4122.42     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| OBX 2024-NQM13 TRUST                                   | OBX 2024-NQM13 A2                                                  | CUSIP: 67119PAB7<br>LEI: 254900W2SY2Z6X7UAX78 | Long             | ABS-O            | CORP              | US        |     59613 | PA      | $59548.31     | 0.29%             | 2064-06-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Rocket Companies Inc                                   | RKT 6.125 08/01/30 144A                                            | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $151384.05    | 0.74%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** Guggenheim Funds Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** Chief Financial Officer