# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0001752724-25-156050
**Filing Date:** 2025-6
**Character Count:** 166448
**Document Hash:** c17379e5fe3edf01be161ddf70f0f867
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-156050.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-156050

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 251073074

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Absolute Return Bond Fund (Series ID: S000047032)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000146994 | Payden Absolute Return Bond Fund (Investor Class) | PYARX           |
| C000146996 | Payden Absolute Return Bond Fund (SI Class)       | PYAIX           |
| C000248247 | Payden Absolute Return Bond Fund (Adviser Class)  | PYABX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

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

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

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

- **a. Name of Series:** Payden Absolute Return Bond Fund

- **b. EDGAR series identifier (if any):** S000047032

- **c. LEI of Series:** 549300Y00UG1BOK6J419

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $650388219.87

**Total Liabilities:** $15647111.25

**Net Assets:** $634741108.62

**Cash Not Reported:** $14098365.23

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1.66290031 | **1-Year:** 36.73860292 | **5-Year:** 23681.89467000 | **10-Year:** 62345.91058000 | **30-Year:** 59039.91226000

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

- **3-Month:** 0.00000000 | **1-Year:** 176.98304360 | **5-Year:** 8112.36698900 | **10-Year:** 6478.48794600 | **30-Year:** 14297.38091000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000146994 | 0.31%                | 0.37%                | 0.57%                |
| Class ID C000146996 | 0.43%                | 0.38%                | 0.48%                |
| Class ID C000248247 | 0.40%                | 0.34%                | 0.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-18095.87               | $1750389.40                                |
| Month 2  | $-20154.34               | $-937057.65                                |
| Month 3  | $989867.09               | $2149322.49                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | 5 YEAR U.S. TREASURY NOTE                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       400 | NC      | $377025.58    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                | EURO-SCHATZ                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -86 | NC      | $-28254.55    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cairn CLO                                        | Cairn CLO XIII DAC                                                    | CUSIP: 000000000<br>LEI: 549300STBYRJ6V67OE09 | Long             | ABS-CBDO         | CORP              | IE        |   2000000 | PA      | $2241203.25   | 0.35%             | 2033-10-20      | Floating      | 3.84%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                   | BRAVO Residential Funding Trust 2024-NQM7                             | CUSIP: 105698AE4<br>LEI: 254900T3YTF92WA96N66 | Long             | ABS-MBS          | CORP              | US        |   2070915 | PA      | $2085116.84   | 0.33%             | 2064-10-27      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                              | Petroleos Mexicanos                                                   | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    300000 | PA      | $314692.65    | 0.05%             | 2027-04-21      | Fixed         | 2.75%                 | No            |                  2 | On Loan: —       |
| HCA INC                                          | HCA Inc                                                               | CUSIP: 404119BW8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1317062.19   | 0.21%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                      | Ivory Coast Government International Bond                             | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   1050000 | PA      | $970825.75    | 0.15%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                           | Aviation Capital Group LLC                                            | CUSIP: 05369AAS0<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1262500.44   | 0.20%             | 2030-04-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Static                    | Golub Capital Partners Static 2024-1 Ltd                              | CUSIP: 381929AA6<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-CBDO         | CORP              | KY        |   2026333 | PA      | $2026332.55   | 0.32%             | 2033-04-20      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                          | CARS-DB4 LP                                                           | CUSIP: 12510HAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $965625.70    | 0.15%             | 2050-02-15      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                              | CUSIP: 30711XYW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2600390.50   | 0.41%             | 2030-07-25      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                          | CUSIP: 902613BL1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    925000 | PA      | $954798.24    | 0.15%             | 2030-09-13      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                | EURO-BUXL 30Y BND                                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -4 | NC      | $1350.45      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMB Commercial Mortgage Trust                   | CAMB Commercial Mortgage Trust 2019-LIFE                              | CUSIP: 12482HAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1198500 | PA      | $1192846.32   | 0.19%             | 2037-12-15      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                      | Extended Stay America Trust 2021-ESH                                  | CUSIP: 30227FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2793313 | PA      | $2764266.58   | 0.44%             | 2038-07-15      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO X Ltd                                | Elmwood CLO X Ltd                                                     | CUSIP: 29002VAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2850000 | PA      | $2846523.00   | 0.45%             | 2034-04-20      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Driven Brands Funding, LLC                       | Driven Brands Funding LLC                                             | CUSIP: 26208LAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1006229 | PA      | $999748.87    | 0.16%             | 2049-04-20      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                         | Madison Park Funding LVII Ltd                                         | CUSIP: 55822GAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2700000 | PA      | $2692051.20   | 0.42%             | 2034-07-27      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2019-HRP1                         | CUSIP: 20754PAC4<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | CORP              | US        |    522424 | PA      | $523414.24    | 0.08%             | 2039-11-25      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                     | DNB Bank ASA                                                          | CUSIP: 000000000<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |   1425000 | PA      | $1880061.42   | 0.30%             | 2027-08-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM8 Trust                                                   | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-MBS          | CORP              | US        |   1608728 | PA      | $1624497.30   | 0.26%             | 2064-05-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                    | PRA Group Inc                                                         | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    875000 | PA      | $902239.07    | 0.14%             | 2030-01-31      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Cologix Data Centers Issuer LL                   | Cologix Canadian Issuer LP                                            | CUSIP: 19521DAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   3200000 | PA      | $2252766.57   | 0.35%             | 2052-01-25      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                  | CDS CDX.NA.HY.44.V1                                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-1079940.60  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| Palmer Square European Loan Fu                   | Palmer Square European Loan Funding 2024-1 DAC                        | CUSIP: 000000000<br>LEI: 254900S9D49Z2X16W073 | Long             | ABS-CBDO         | CORP              | IE        |   2300000 | PA      | $2570713.52   | 0.41%             | 2033-08-15      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                     | AutoZone Inc                                                          | CUSIP: 053332BK7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    900000 | PA      | $909999.65    | 0.14%             | 2034-07-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                   | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1705764.84   | 0.27%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                         | Vistra Operations Co LLC                                              | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    675000 | PA      | $725292.23    | 0.11%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| TTAN                                             | TTAN 2021-MHC                                                         | CUSIP: 87303TAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    845949 | PA      | $842727.32    | 0.13%             | 2038-03-15      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                 | Ryder System Inc                                                      | CUSIP: 78355HLE7<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    750000 | PA      | $756940.04    | 0.12%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cordatus CLO PLC                                 | CVC Cordatus Loan Fund IX DAC                                         | CUSIP: 000000000<br>LEI: 635400VT1VR8XOQ9I897 | Long             | ABS-CBDO         | CORP              | IE        |   3300000 | PA      | $3715054.92   | 0.59%             | 2034-08-20      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                              | Petroleos Mexicanos                                                   | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    800000 | PA      | $885823.67    | 0.14%             | 2026-04-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fortress CBO Investments Ltd                     | FORT CRE 2022-FL3 Issuer LLC                                          | CUSIP: 34706CAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3100000 | PA      | $3034893.49   | 0.48%             | 2039-02-23      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM14 Trust                                                  | CUSIP: 67119XAC8<br>LEI: 254900C7ZCEHM7Y5MX79 | Long             | ABS-MBS          | CORP              | US        |   1475804 | PA      | $1467079.32   | 0.23%             | 2064-09-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                 | S&P500 EMINI                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |        51 | NC      | $270937.50    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-B | SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-B                      | CUSIP: 802824AD4<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       100 | NS      | $2711229.71   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                    | UniCredit SpA                                                         | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   1775000 | PA      | $2092278.17   | 0.33%             | 2029-02-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2022-R01                          | CUSIP: 20754LAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1475000 | PA      | $1504357.52   | 0.24%             | 2041-12-25      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Modena Buyer LLC                                 | MODENA BUYER LLC                                                      | CUSIP: 60753DAC8<br>LEI: 254900B0G2IU0VBDOY26 | Long             | LON              | CORP              | US        |    671625 | PA      | $638883.28    | 0.10%             | 2031-07-01      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| BlueMountain EUR CLO                             | Bluemountain Euro 2021-2 CLO DAC                                      | CUSIP: 000000000<br>LEI: 635400FUA3XKDDGLJL55 | Long             | ABS-CBDO         | CORP              | IE        |   2000000 | PA      | $2251532.58   | 0.35%             | 2035-10-15      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                   | Santander Drive Auto Receivables Trust 2024-S1                        | CUSIP: 80286UAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1272810 | PA      | $1274496.04   | 0.20%             | 2029-03-16      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                            | American Homes 4 Rent LP                                              | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    825000 | PA      | $822820.30    | 0.13%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| C&W SENIOR FINANCE LTD                           | C&W Senior Finance Ltd                                                | CUSIP: 12665MAA0<br>LEI: 213800CG16G1YMJRCG10 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $1004150.05   | 0.16%             | 2033-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Commercial Mortgage Trust 2024-AIRC                                | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1625955 | PA      | $1628587.78   | 0.26%             | 2039-08-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| Bosphorus CLO                                    | Bosphorus CLO VII DAC                                                 | CUSIP: 000000000<br>LEI: 635400E9IUXCKKFGEA28 | Long             | ABS-CBDO         | CORP              | IE        |   1700000 | PA      | $1936053.90   | 0.31%             | 2036-10-17      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                 | S&P500 EMINI                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |        49 | NC      | $322787.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HYATT HOTELS CORP                                | Hyatt Hotels Corp                                                     | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    700000 | PA      | $703522.17    | 0.11%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                              | Petroleos Mexicanos                                                   | CUSIP: 71654QDB5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2000000 | PA      | $1955461.40   | 0.31%             | 2027-01-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                               | Morocco Government International Bond                                 | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |   1700000 | PA      | $1930506.97   | 0.30%             | 2029-04-02      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                            | Truist Financial Corp                                                 | CUSIP: 89788MAT9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1031048.21   | 0.16%             | 2032-08-05      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2021-DNA7                               | CUSIP: 35564KMA4<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |    755526 | PA      | $753358.68    | 0.12%             | 2041-11-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                             | Cross 2025-H1 Mortgage Trust                                          | CUSIP: 22758NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2434314 | PA      | $2449449.22   | 0.39%             | 2070-02-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                        | Sunoco LP                                                             | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    800000 | PA      | $799586.81    | 0.13%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                          | CARS-DB4 LP                                                           | CUSIP: 12510HAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    970000 | PA      | $877041.12    | 0.14%             | 2050-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2021-R03                          | CUSIP: 20754AAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1114679.94   | 0.18%             | 2041-12-25      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                              | CDW LLC / CDW Finance Corp                                            | CUSIP: 12513GBL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    875000 | PA      | $859005.00    | 0.14%             | 2034-08-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                 | S&P500 EMINI                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -49 | NC      | $-107800.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                         | OCP SA                                                                | CUSIP: 67091TAH8<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    950000 | PA      | $951573.87    | 0.15%             | 2030-04-30      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Payden Emerging Markets Local Bond Fund          | Payden Emerging Markets Local Bond Fund                               | CUSIP: 70432T867<br>LEI: 549300ZRY78UEWJB7K76 | Long             | EC               | RF                | US        |   2743609 | NS      | $12702911.98  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2020-SBT1                         | CUSIP: 20753VBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1900000 | PA      | $1973974.22   | 0.31%             | 2040-02-25      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| Fortress CBO Investments Ltd                     | FORT CRE 2022-FL3 Issuer LLC                                          | CUSIP: 34706CAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    320104 | PA      | $315224.30    | 0.05%             | 2039-02-23      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                         | OCP SA                                                                | CUSIP: 67091TAJ4<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    950000 | PA      | $942478.23    | 0.15%             | 2036-03-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Hanesbrands Inc                                  | HANESBRANDS INC                                                       | CUSIP: 410346AY6<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | LON              | CORP              | US        |    900000 | PA      | $894375.00    | 0.14%             | 2032-03-07      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| VIKING BAKED GOODS ACQUI                         | Viking Baked Goods Acquisition Corp                                   | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |    825000 | PA      | $785726.21    | 0.12%             | 2031-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                            | KKR Clo 25 Ltd                                                        | CUSIP: 48252UAU1<br>LEI: 549300MJB0YZ0QTQNZ45 | Long             | ABS-CBDO         | CORP              | KY        |   3100000 | PA      | $3076663.20   | 0.48%             | 2034-07-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 44                   | Octagon Investment Partners 44 Ltd                                    | CUSIP: 67577LAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2200000 | PA      | $2196293.00   | 0.35%             | 2034-10-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                               | Zambia Government International Bond                                  | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    939307 | PA      | $817337.77    | 0.13%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | SEK/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $169851.95    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2024-R1                                    | CUSIP: 924926AA6<br>LEI: 213800A8V9BALJ9WKP38 | Long             | ABS-MBS          | CORP              | US        |   3565088 | PA      | $3561487.37   | 0.56%             | 2069-09-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| CAMB Commercial Mortgage Trust                   | CAMB Commercial Mortgage Trust 2019-LIFE                              | CUSIP: 12482HAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1599000 | PA      | $1583375.85   | 0.25%             | 2037-12-15      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                         | Warnermedia Holdings Inc                                              | CUSIP: 55903VBC6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $963719.58    | 0.15%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital Euro CLO DA                   | Texas Debt Capital Euro CLO 2024-1 DAC                                | CUSIP: 000000000<br>LEI: 6354005CUY8PX5XJT459 | Long             | ABS-CBDO         | CORP              | IE        |   1700000 | PA      | $1919716.96   | 0.30%             | 2038-07-16      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                 | Cifc Funding 2023-III Ltd                                             | CUSIP: 12598YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2001958.00   | 0.32%             | 2037-01-20      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2025-R02                          | CUSIP: 20754TAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1970472.60   | 0.31%             | 2045-02-25      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                             | National Fuel Gas Co                                                  | CUSIP: 636180BU4<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    925000 | PA      | $927957.10    | 0.15%             | 2035-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2021-DNA7                               | CUSIP: 35564KND7<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |   4850000 | PA      | $4988352.56   | 0.79%             | 2041-11-25      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                         | Duke Energy Progress LLC                                              | CUSIP: 26442UAU8<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1720518.35   | 0.27%             | 2035-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                           | Extra Space Storage LP                                                | CUSIP: 30225VAJ6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    425000 | PA      | $438642.27    | 0.07%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| STATE STREET GLOBAL MARKETS, LLC                 | USD/CAD FORWARD                                                       | CUSIP: 000000000<br>LEI: 549300FDEDF5ORXCMQ56 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-100980.95   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| United Natural Foods Inc                         | UNITED NATURAL FOODS INC                                              | CUSIP: 91116KAD7<br>LEI: 549300GKGW6WPZ282D40 | Long             | LON              | CORP              | US        |   1366200 | PA      | $1373031.00   | 0.22%             | 2031-04-25      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2024-9                                     | CUSIP: 92540RAF1<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |   1075000 | PA      | $1074191.71   | 0.17%             | 2069-11-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                          | Goldman Sachs Group Inc/The                                           | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1846062.15   | 0.29%             | 2030-10-23      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                          | Romanian Government International Bond                                | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   1050000 | PA      | $1162499.56   | 0.18%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2023-R04                          | CUSIP: 20754QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1408344 | PA      | $1435006.32   | 0.23%             | 2043-05-25      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2024-VLT4                                                    | CUSIP: 05612TAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1625000 | PA      | $1611988.46   | 0.25%             | 2029-07-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                               | Morocco Government International Bond                                 | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |   1700000 | PA      | $1913825.28   | 0.30%             | 2035-04-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co                                                      | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    675000 | PA      | $689195.52    | 0.11%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Commercial Mortgage Trust 2021-VOLT                                | CUSIP: 05609VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2810000 | PA      | $2770411.32   | 0.44%             | 2036-09-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                  | SBA Tower Trust                                                       | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3809501.20   | 0.60%             | 2026-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | USD/JPY FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-98505.07    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                        | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1844731.11   | 0.29%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ALBANIA                              | Albania Government International Bond                                 | CUSIP: 000000000<br>LEI: 254900EDM43U3SGRND29 | Long             | DBT              | NUSS              | AL        |    775000 | PA      | $838642.88    | 0.13%             | 2035-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                             | Cleveland-Cliffs Inc                                                  | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1212104.13   | 0.19%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FISERV FUNDING UNLTD CO                          | FISERV FUNDING ULC                                                    | CUSIP: 000000000<br>LEI: 254900RNWK5SE9A0I712 | Long             | DBT              | CORP              | IE        |   1300000 | PA      | $1475061.33   | 0.23%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                          | Hyundai Capital America                                               | CUSIP: 44891ADF1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1605178.77   | 0.25%             | 2027-09-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2025-NQM2 Trust                                                   | CUSIP: 67120VAA3<br>LEI: 2549006BC0G3YEF5SL09 | Long             | ABS-MBS          | CORP              | US        |   5710521 | PA      | $5732884.38   | 0.90%             | 2064-11-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| EUROBANK SA                                      | Eurobank SA                                                           | CUSIP: 000000000<br>LEI: 213800KGF4EFNUQKAT69 | Long             | DBT              | CORP              | GR        |   1725000 | PA      | $1935063.30   | 0.30%             | 2030-03-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                            | Palmer Square CLO 2022-1 Ltd                                          | CUSIP: 69689QAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2500730.00   | 0.39%             | 2035-04-20      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| UDR INC                                          | UDR Inc                                                               | CUSIP: 90265EAW0<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |    825000 | PA      | $805146.92    | 0.13%             | 2034-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2025-R03                          | CUSIP: 20754VAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2520808 | PA      | $2536701.69   | 0.40%             | 2045-03-25      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                         | USD/GBP FORWARD                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-171169.43   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Ladder Capital Commercial Mort                   | LCCM 2017-LC26                                                        | CUSIP: 50190DAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3888520 | PA      | $91269.00     | 0.01%             | 2050-07-12      | Variable      | 1.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2021-DNA7                               | CUSIP: 35564KNE5<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $639153.90    | 0.10%             | 2041-11-25      | Floating      | 12.15%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2024-HQA2                               | CUSIP: 35564NDY6<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | CORP              | US        |   2380000 | PA      | $2382533.74   | 0.38%             | 2044-08-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Sound Point EURO CLO Funding D                   | Sound Point Euro CLO X Funding DAC                                    | CUSIP: 000000000<br>LEI: 635400YEKGN7SV65BD82 | Long             | ABS-CBDO         | CORP              | IE        |   1750000 | PA      | $1983328.07   | 0.31%             | 2038-04-20      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST 2022-2   | UNITED AUTO CREDIT SECURITIZATION TRUST 2022-2                        | CUSIP: 90944KAG0<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        85 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Henley Funding Ltd.                              | Henley CLO VII DAC                                                    | CUSIP: 000000000<br>LEI: 635400SRJSVJPTMR4D89 | Long             | ABS-CBDO         | CORP              | IE        |   1300000 | PA      | $1465661.05   | 0.23%             | 2034-04-25      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                          | GOLDMAN SACHS GROUP INC/THE                                           | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1553509.89   | 0.24%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                         | Altice France Holding SA                                              | CUSIP: 02156TAB0<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    925000 | PA      | $287758.07    | 0.05%             | 2027-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                              | CUSIP: 20754KAF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |   3400000 | PA      | $3463267.88   | 0.55%             | 2041-11-25      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                           | XPLR Infrastructure Operating Partners LP                             | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    625000 | PA      | $619249.62    | 0.10%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | U.S. TREASURY BOND                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -4 | NC      | $-1826.24     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | AUD/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $155547.78    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                             | Cleveland-Cliffs Inc                                                  | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    725000 | PA      | $682072.42    | 0.11%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                   | Bombardier Inc                                                        | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1095000 | PA      | $1109214.26   | 0.17%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF POLAND                               | Republic of Poland Government International Bond                      | CUSIP: 857524AH5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |   4875000 | PA      | $4933581.27   | 0.78%             | 2035-02-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                     | ARES LII CLO Ltd                                                      | CUSIP: 04009AAW0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4076391 | PA      | $4066184.18   | 0.64%             | 2031-04-22      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                            | QUIKRETE HOLDING 01/30/32                                             | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   1925000 | PA      | $1889666.63   | 0.30%             | 2032-02-10      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                         | CUSIP: 097023CU7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1460165.67   | 0.23%             | 2027-05-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX 2025-BIO3 Mortgage Trust                                           | CUSIP: 123911AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3950000 | PA      | $4041359.55   | 0.64%             | 2042-02-10      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| CUMULUS STATIC CLO                               | Cumulus Static CLO 2024-1 DAC                                         | CUSIP: 000000000<br>LEI: 2549005ZFHRHIZ9ONM43 | Long             | ABS-CBDO         | CORP              | IE        |    700000 | PA      | $793498.55    | 0.13%             | 2033-11-15      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2024-R02                          | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    685222 | PA      | $683436.53    | 0.11%             | 2044-02-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2024-DNA2                               | CUSIP: 35564NCX9<br>LEI: 529900GRKKKHILZX4347 | Long             | ABS-MBS          | CORP              | US        |   2400070 | PA      | $2399518.01   | 0.38%             | 2044-05-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                     | EUR/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-572.41      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LKQ DUTCH BOND BV                                | LKQ Dutch Bond BV                                                     | CUSIP: 000000000<br>LEI: 724500O7KBK1ICWRWC17 | Long             | DBT              | CORP              | NL        |   1250000 | PA      | $1443184.60   | 0.23%             | 2031-03-13      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                 | Hewlett Packard Enterprise Co                                         | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1400451.60   | 0.22%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EVERGY INC                                       | Evergy Inc                                                            | CUSIP: 30034WAE6<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |    825000 | PA      | $804084.27    | 0.13%             | 2055-06-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2022-DNA7                               | CUSIP: 35564KL31<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-MBS          | CORP              | US        |    576124 | PA      | $583589.51    | 0.09%             | 2052-03-25      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                             | Royal Bank of Canada                                                  | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1075000 | PA      | $1094246.95   | 0.17%             | 2031-02-04      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                   | Wells Fargo Commercial Mortgage Trust 2018-C46                        | CUSIP: 95001QAV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4845636 | PA      | $96593.40     | 0.02%             | 2051-08-15      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                     | Synopsys Inc                                                          | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1378465.73   | 0.22%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                             | Veritiv Operating Co                                                  | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    750000 | PA      | $784349.25    | 0.12%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP                                | EMRLD BORROWER LP                                                     | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |   1795489 | PA      | $1777165.77   | 0.28%             | 2031-08-04      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Madison Iaq LLC                                  | MADISON IAQ LLC                                                       | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |   2300000 | PA      | $2282324.50   | 0.36%             | 2028-06-21      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | NOK/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $196434.89    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2023-R03                          | CUSIP: 20753ACJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6467377 | PA      | $6549435.56   | 1.03%             | 2043-04-25      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2024-HQA1                               | CUSIP: 35564NBX0<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | CORP              | US        |   1396316 | PA      | $1395181.45   | 0.22%             | 2044-03-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                   | Open Text Corp                                                        | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   2800000 | PA      | $2882416.35   | 0.45%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM12 Trust                                                  | CUSIP: 67448PAA1<br>LEI: 254900MY906NOBBPOA44 | Long             | ABS-MBS          | CORP              | US        |   2009476 | PA      | $2011147.92   | 0.32%             | 2064-07-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                   | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1099175.60   | 0.17%             | 2035-10-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                             | WMG Acquisition Corp                                                  | CUSIP: 92933BAT1<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1156926.63   | 0.18%             | 2029-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EDGE FINCO PLC                                   | Edge Finco PLC                                                        | CUSIP: 000000000<br>LEI: 648835NI8LJE5190NT73 | Long             | DBT              | CORP              | GB        |   1050000 | PA      | $1423298.61   | 0.22%             | 2031-08-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY BANK                                   | Synchrony Bank                                                        | CUSIP: 87166FAD5<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1250466.78   | 0.20%             | 2025-08-22      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                   | Santander Bank Auto Credit-Linked Notes Series 2022-B                 | CUSIP: 80290CBB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1630027 | PA      | $1650753.69   | 0.26%             | 2032-08-16      | Fixed         | 11.91%                | No            |                  2 | On Loan: No      |
| HIH Trust                                        | HIH Trust 2024-61P                                                    | CUSIP: 40444VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2880000 | PA      | $2878195.97   | 0.45%             | 2041-10-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                         | JPY/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $401740.14    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2025-R02                          | CUSIP: 20754TAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2937164 | PA      | $2940983.86   | 0.46%             | 2045-02-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes                   | JPMorgan Chase Bank NA - CACLN                                        | CUSIP: 46591HCJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1503006.90   | 0.24%             | 2029-02-26      | Fixed         | 9.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2022-R03                          | CUSIP: 20753XAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $827406.88    | 0.13%             | 2042-03-25      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| HOLCIM FINANCE US LLC                            | Holcim Finance US LLC                                                 | CUSIP: 43475RAC0<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2072010.69   | 0.33%             | 2030-04-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                  | Star Parent Inc                                                       | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    875000 | PA      | $886436.98    | 0.14%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF PARAGUAY                             | Paraguay Government International Bond                                | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   2500000 | PA      | $2523750.00   | 0.40%             | 2036-02-09      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                     | ARES Loan Funding III Ltd                                             | CUSIP: 04009BAS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1693815.40   | 0.27%             | 2036-07-25      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                   | SWCH Commercial Mortgage Trust 2025-DATA                              | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $2214940.05   | 0.35%             | 2042-03-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| Euro Galaxy CLO BV                               | Euro-Galaxy VII CLO DAC                                               | CUSIP: 000000000<br>LEI: 5493000DO5029DBEJL19 | Long             | ABS-CBDO         | CORP              | IE        |   2409000 | PA      | $2699859.53   | 0.43%             | 2035-07-25      | Floating      | 3.81%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE INC                          | CRH America Finance Inc                                               | CUSIP: 12636YAE2<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    900000 | PA      | $912611.75    | 0.14%             | 2034-05-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | CHF/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $336684.03    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2022-R03                          | CUSIP: 20753XAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2732553 | PA      | $2757268.34   | 0.43%             | 2042-03-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Lightning Power, LLC                             | LIGHTNING POWER LLC                                                   | CUSIP: 53229LAB3<br>LEI: 254900BWCHJ03XRL8K59 | Long             | LON              | CORP              | US        |    820875 | PA      | $820234.72    | 0.13%             | 2031-08-18      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                     | ALPHABET INC                                                          | CUSIP: 02079KAP2<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1642468.24   | 0.26%             | 2029-05-06      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                     | NNN REIT Inc                                                          | CUSIP: 637417AT3<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |    875000 | PA      | $877499.07    | 0.14%             | 2034-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL                   | JPMorgan Chase Bank NA - CACLN                                        | CUSIP: 46591HBW9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1359648 | PA      | $1395644.81   | 0.22%             | 2028-09-25      | Fixed         | 28.35%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2022-R02                          | CUSIP: 20754BAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5963000 | PA      | $6201442.48   | 0.98%             | 2042-01-25      | Floating      | 8.85%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT 2024-6 Mortgage Loan Trust                                       | CUSIP: 19688XAD8<br>LEI: 213800U2X2TO1PQH1O75 | Long             | ABS-MBS          | CORP              | US        |   2227000 | PA      | $2211931.67   | 0.35%             | 2069-11-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| PERMANENT TSB GROUP                              | Permanent TSB Group Holdings PLC                                      | CUSIP: 000000000<br>LEI: 635400DTNHVYGZODKQ93 | Long             | DBT              | CORP              | IE        |   1275000 | PA      | $1580784.13   | 0.25%             | 2029-06-30      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                | Ares Capital Corp                                                     | CUSIP: 04010LBG7<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    625000 | PA      | $632966.50    | 0.10%             | 2029-07-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2025-R02                          | CUSIP: 20754TAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2493619.75   | 0.39%             | 2045-02-25      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | USD/GBP FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-171206.18   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BUBBLES HOLDCO SPA                               | Bubbles Bidco SPA                                                     | CUSIP: 000000000<br>LEI: 815600073942740CEB24 | Long             | DBT              | CORP              | IT        |    550000 | PA      | $623755.90    | 0.10%             | 2031-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN                         | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp    | CUSIP: 559665AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1066242.76   | 0.17%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WaterBridge Midstream Operating LLC              | WATERBRIDGE MIDSTREAM OPERATING LLC                                   | CUSIP: 94120XAF2<br>LEI: 549300DVU86VSP486341 | Long             | LON              | CORP              | US        |    443261 | PA      | $424544.56    | 0.07%             | 2029-06-27      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM18 Trust                                                  | CUSIP: 673913AD1<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1296010.43   | 0.20%             | 2064-10-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2025-NQM6 Trust                                                   | CUSIP: 67448UAC6<br>LEI: 254900W46UQEWQMYYZ02 | Long             | ABS-MBS          | CORP              | US        |   2358209 | PA      | $2371273.06   | 0.37%             | 2065-03-25      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                   | Apidos CLO XII                                                        | CUSIP: 03764DAP6<br>LEI: 549300M5NMLBQJXUO195 | Long             | ABS-CBDO         | CORP              | KY        |   1450000 | PA      | $1448342.65   | 0.23%             | 2031-04-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Third Coast Infrastructure LLC                   | THIRD COAST INFRASTRUCTU                                              | CUSIP: 88412KAC6<br>LEI: 5493006R4EN78GPJ4M96 | Long             | LON              | CORP              | US        |    598388 | PA      | $586419.75    | 0.09%             | 2030-09-25      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                 | Colt 2024-7 Mortgage Loan Trust                                       | CUSIP: 19688YAA2<br>LEI: 213800EA95GXXC9AJO50 | Long             | ABS-MBS          | CORP              | US        |   2577306 | PA      | $2582340.53   | 0.41%             | 2069-12-26      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                   | Palmer Square Loan Funding 2024-3 Ltd                                 | CUSIP: 69690EAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2499962.50   | 0.39%             | 2032-08-08      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2021-DNA6                               | CUSIP: 35564KLU1<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | CORP              | US        |   5600000 | PA      | $5743491.60   | 0.90%             | 2041-10-25      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                     | USD/EUR FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-102844.49   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                              | Nigeria Government International Bond                                 | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    915000 | PA      | $822527.81    | 0.13%             | 2028-09-28      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                         | JP Morgan Mortgage Trust 2017-5                                       | CUSIP: 46590YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     29371 | PA      | $29559.77     | 0.00%             | 2048-10-26      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2022-R06                          | CUSIP: 20754NAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1056338 | PA      | $1076534.18   | 0.17%             | 2042-05-25      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                            | Duke Energy Carolinas LLC                                             | CUSIP: 26442CBP8<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    925000 | PA      | $944075.00    | 0.15%             | 2030-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-C | SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-C                      | CUSIP: 80281HAD6<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       100 | NS      | $1107322.62   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Regatta XIII Funding LLC                         | Regatta XIII Funding Ltd                                              | CUSIP: 75888FAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1350000 | PA      | $1348972.65   | 0.21%             | 2031-07-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                     | Synopsys Inc                                                          | CUSIP: 871607AC1<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1285000 | PA      | $1299508.87   | 0.20%             | 2030-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education Inc                        | MCGRAW-HILL EDUCATION INC                                             | CUSIP: 58063DAF0<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | LON              | CORP              | US        |    859627 | PA      | $858630.23    | 0.14%             | 2031-08-06      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR Debt Notes 2015-DNA3                                | CUSIP: 3137G0GZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1763129 | PA      | $1816566.12   | 0.29%             | 2028-04-25      | Floating      | 13.82%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2021-HQA4                               | CUSIP: 35564KPN3<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1534589.55   | 0.24%             | 2041-12-25      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | JPY/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $229766.89    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable                   | Westlake Automobile Receivables Trust 2023-4                          | CUSIP: 96041AAN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2025000 | PA      | $2114395.85   | 0.33%             | 2029-07-16      | Fixed         | 7.19%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                   | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $2081294.53   | 0.33%             | 2028-10-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                           | Santander Holdings USA Inc                                            | CUSIP: 80282KBM7<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1078560.59   | 0.17%             | 2030-09-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2023-R07                          | CUSIP: 20753BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2628093 | PA      | $2644431.39   | 0.42%             | 2043-09-25      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                            | Micron Technology Inc                                                 | CUSIP: 595112CE1<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1615987.90   | 0.25%             | 2035-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                         | Organon & Co / Organon Foreign Debt Co-Issuer BV                      | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $645587.25    | 0.10%             | 2034-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2022-HQA3                               | CUSIP: 35564KE70<br>LEI: 5493000IRJ8RDHSNEL96 | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1393558.40   | 0.22%             | 2042-08-25      | Floating      | 9.70%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                         | Rogers Communications Inc                                             | CUSIP: 775109DF5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1450000 | PA      | $1429720.31   | 0.23%             | 2034-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SMURFIT WESTROCK FIN                             | Smurfit Westrock Financing DAC                                        | CUSIP: 83272YAA0<br>LEI: 6354005S6ZLHLVX7VT12 | Long             | DBT              | CORP              | IE        |    975000 | PA      | $976754.51    | 0.15%             | 2035-01-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                          | Hungary Government International Bond                                 | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   2225000 | PA      | $2458332.80   | 0.39%             | 2034-06-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                     | USD/EUR FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-759336.53   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| RELX CAPITAL INC                                 | RELX Capital Inc                                                      | CUSIP: 74949LAF9<br>LEI: 2R15C3RTKJN1RCBOV146 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1188632.39   | 0.19%             | 2030-03-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                   | Santander Bank Auto Credit-Linked Notes Series 2022-A                 | CUSIP: 80290CAS3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     43440 | PA      | $43441.61     | 0.01%             | 2032-05-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                     | Synopsys Inc                                                          | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1153544.54   | 0.18%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | Citigroup Inc                                                         | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1098574.33   | 0.17%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                              | CUSIP: 20754KAJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $678977.13    | 0.11%             | 2041-11-25      | Floating      | 10.55%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Series 2025-R01                         | CUSIP: 20755JAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1958278.40   | 0.31%             | 2045-01-25      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                             | CITGO Petroleum Corp                                                  | CUSIP: 17302XAM8<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1418733.99   | 0.22%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                      | Ivory Coast Government International Bond                             | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $184376.80    | 0.03%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| W & T OFFSHORE INC                               | W&T Offshore Inc                                                      | CUSIP: 92922PAN6<br>LEI: 549300Q7EOY2YIO3YK85 | Long             | DBT              | CORP              | US        |    900000 | PA      | $710506.62    | 0.11%             | 2029-02-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: —       |
| MIC Glen LLC                                     | MIC GLEN LLC                                                          | CUSIP: 55304PAG6<br>LEI: 549300XD843A2SP50882 | Long             | LON              | CORP              | US        |   1455328 | PA      | $1457372.30   | 0.23%             | 2028-07-21      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | USD/NOK FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-59719.74    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                             | Cross 2024-H8 Mortgage Trust                                          | CUSIP: 22757GAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3904302 | PA      | $3917204.04   | 0.62%             | 2069-12-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| JAB HOLDINGS BV                                  | JAB Holdings BV                                                       | CUSIP: 000000000<br>LEI: 529900RRNKUM3INJGF98 | Long             | DBT              | CORP              | NL        |   1200000 | PA      | $1450841.67   | 0.23%             | 2033-06-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regatta XVI Funding Ltd.                         | Regatta XVI Funding Ltd                                               | CUSIP: 75888TAS4<br>LEI: 254900XPJFGKL5R4O429 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $993998.00    | 0.16%             | 2033-01-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Bangl LLC                                        | BANGL LLC                                                             | CUSIP: 05989UAC1<br>LEI: 549300PM5ZCKF0QY2J26 | Long             | LON              | CORP              | US        |    593982 | PA      | $595282.50    | 0.09%             | 2029-02-01      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                            | Guatemala Government Bond                                             | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   1675000 | PA      | $1671763.15   | 0.26%             | 2037-02-06      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| TDF INFRASTRUCTURE SAS                           | TDF Infrastructure SASU                                               | CUSIP: 000000000<br>LEI: 969500BWNQ1B0PI06I59 | Long             | DBT              | CORP              | FR        |   1100000 | PA      | $1251360.36   | 0.20%             | 2031-10-23      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                 | Deutsche Bank AG                                                      | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1500000 | PA      | $1742768.79   | 0.27%             | 2030-04-04      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM13 Trust                                                  | CUSIP: 67119PAC5<br>LEI: 254900W2SY2Z6X7UAX78 | Long             | ABS-MBS          | CORP              | US        |   1193413 | PA      | $1191713.35   | 0.19%             | 2064-06-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                            | Sri Lanka Government International Bond                               | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |   1200000 | PA      | $849000.00    | 0.13%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                        | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1325849.08   | 0.21%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | 2 YEAR U.S. TREASURY NOTE                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      1881 | NC      | $3086766.71   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | USD/CHF FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-710736.35   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                           | Republic of Uzbekistan International Bond                             | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    400000 | PA      | $390170.00    | 0.06%             | 2029-02-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Arini European CLO                               | Arini European CLO I DAC                                              | CUSIP: 000000000<br>LEI: 635400HMSNVNUMMBE111 | Long             | ABS-CBDO         | CORP              | IE        |   1500000 | PA      | $1704940.38   | 0.27%             | 2036-07-15      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                            | Mexico Government International Bond                                  | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2325000 | PA      | $2318066.85   | 0.37%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                             | ALPHA GENERATION LLC                                                  | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |    721375 | PA      | $722341.64    | 0.11%             | 2031-09-30      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| TESCO CORP TREASURY SERV                         | Tesco Corporate Treasury Services PLC                                 | CUSIP: 000000000<br>LEI: 21380018AJDKNF3A6712 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1783595.15   | 0.28%             | 2031-02-27      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                              | Petroleos Mexicanos                                                   | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    750000 | PA      | $798716.60    | 0.13%             | 2028-02-21      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AUTOSTRADE PER L'ITALIA                          | Autostrade per l'Italia SpA                                           | CUSIP: 000000000<br>LEI: 815600149448CEB9B230 | Long             | DBT              | CORP              | IT        |   1075000 | PA      | $1255811.97   | 0.20%             | 2032-06-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                         | Prime Healthcare Services Inc                                         | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $644139.43    | 0.10%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| PAYDEN CASH RESERVES MONEY MARKET                | PAYDEN CASH RESERVES MONEY MARKET                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   4470999 | NS      | $4470999.07   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Oak Street Investment Grade Ne                   | Oak Street Investment Grade Net Lease Fund Series 2020-1              | CUSIP: 67181DAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2581583 | PA      | $2486315.16   | 0.39%             | 2050-11-20      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| STATE STREET GLOBAL MARKETS, LLC                 | USD/GBP FORWARD                                                       | CUSIP: 000000000<br>LEI: 549300FDEDF5ORXCMQ56 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-189135.13   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                      | Extended Stay America Trust 2021-ESH                                  | CUSIP: 30227FAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1246247 | PA      | $1241978.49   | 0.20%             | 2038-07-15      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                             | Fiesta Purchaser Inc                                                  | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1258570.80   | 0.20%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM18 Trust                                                  | CUSIP: 673913AA7<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-MBS          | CORP              | US        |   3862771 | PA      | $3870242.33   | 0.61%             | 2064-10-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                     | Centene Corp                                                          | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1002841.16   | 0.16%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Tharaldson Hotel Portfolio Tru                   | THPT 2023-THL Mortgage Trust                                          | CUSIP: 87252LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2341705 | PA      | $2374982.74   | 0.37%             | 2034-12-10      | Variable      | 7.23%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                   | BRAVO Residential Funding Trust 2025-NQM2                             | CUSIP: 10569NAC5<br>LEI: 254900TZWRKTBX2YNW23 | Long             | ABS-MBS          | CORP              | US        |   1715009 | PA      | $1723406.68   | 0.27%             | 2064-11-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2023-HQA3                               | CUSIP: 35564K3F4<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | CORP              | US        |   4690450 | PA      | $4733272.62   | 0.75%             | 2043-11-25      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                            | Argentine Republic Government International Bond                      | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   1250000 | PA      | $836729.76    | 0.13%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2023-R06                          | CUSIP: 20754EAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1134930.72   | 0.18%             | 2043-07-25      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                         | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    950000 | PA      | $973038.45    | 0.15%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                     | EUR/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $14277.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                  | SBA Tower Trust                                                       | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2252280.36   | 0.35%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust                    | Life 2022-BMR Mortgage Trust                                          | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1742824.44   | 0.27%             | 2039-05-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2022-R03                          | CUSIP: 20753XAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3700000 | PA      | $3991748.33   | 0.63%             | 2042-03-25      | Floating      | 10.60%                | No            |                  2 | On Loan: No      |
| Buckhorn Park CLO, Ltd.                          | Buckhorn Park CLO Ltd                                                 | CUSIP: 118382BA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2200000 | PA      | $2189024.20   | 0.34%             | 2034-07-18      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| LETRA TESOURO NACIONAL                           | Brazil Letras do Tesouro Nacional                                     | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        | 176000000 | PA      | $30332533.41  | 4.78%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co                                                      | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2525000 | PA      | $2598395.82   | 0.41%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | United States Treasury Note/Bond                                      | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $12056718.72  | 1.90%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                    | TRANSDIGM INC                                                         | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1097236 | PA      | $1087684.74   | 0.17%             | 2031-02-28      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2025-VLT6                                                    | CUSIP: 12433KAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2200000 | PA      | $2178863.28   | 0.34%             | 2042-03-15      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                   | Opal Bidco SAS                                                        | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   1400000 | PA      | $1580437.05   | 0.25%             | 2032-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | AUD/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $24507.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                            | Huntington Bancshares Inc/OH                                          | CUSIP: 446150BE3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1335385.63   | 0.21%             | 2031-01-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Evergreen AcqCo 1 LP                             | EVERGREEN ACQCO 1 LP                                                  | CUSIP: 30015FAG1<br>LEI: 549300F6POVHG3ME8T95 | Long             | LON              | CORP              | US        |   1827628 | PA      | $1820007.06   | 0.29%             | 2028-04-26      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                          | Goldman Sachs Group Inc/The                                           | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2275000 | PA      | $2007045.11   | 0.32%             | 2033-02-24      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                            | Guatemala Government Bond                                             | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   1390000 | PA      | $1359534.41   | 0.21%             | 2027-06-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2024-8                                     | CUSIP: 92540PAD0<br>LEI: 213800RZ8QGNZ38DSP77 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1489183.05   | 0.23%             | 2069-10-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| FRESSNAPF HOLDING SE                             | Fressnapf Holding SE                                                  | CUSIP: 000000000<br>LEI: 529900NLSO3VLFW8JQ35 | Long             | DBT              | CORP              | DE        |   1400000 | PA      | $1602912.51   | 0.25%             | 2031-10-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2021-R01                          | CUSIP: 20754RAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5375000 | PA      | $5466269.65   | 0.86%             | 2041-10-25      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2023-HQA3                               | CUSIP: 35564K3G2<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | CORP              | US        |    856380 | PA      | $860699.65    | 0.14%             | 2043-11-25      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                               | PBF Holding Co LLC / PBF Finance Corp                                 | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    925000 | PA      | $815282.70    | 0.13%             | 2030-03-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| Iron Mountain Information Management LLC         | IRON MOUNTAIN INC                                                     | CUSIP: 46284NAV1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | LON              | CORP              | US        |    942155 | PA      | $939328.71    | 0.15%             | 2031-01-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | USD/EUR FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-483031.45   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                            | Blue Owl Capital Corp                                                 | CUSIP: 69121KAE4<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    375000 | PA      | $364618.92    | 0.06%             | 2026-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2025-NQM3 Trust                                                   | CUSIP: 67448YAC8<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-MBS          | CORP              | US        |   2356707 | PA      | $2368703.15   | 0.37%             | 2064-12-01      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co                                                      | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2134360.84   | 0.34%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                   | Santander Bank Auto Credit-Linked Notes Series 2022-A                 | CUSIP: 80290CAT1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25792 | PA      | $25812.87     | 0.00%             | 2032-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2023-R06                          | CUSIP: 20754EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    662124 | PA      | $664879.26    | 0.10%             | 2043-07-25      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2021-2       | EXETER AUTOMOBILE RECEIVABLES TRUST 2021-2                            | CUSIP: 30166RAJ6<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        53 | NS      | $2700633.63   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                                 | VB-S1 Issuer LLC - VBTEL                                              | CUSIP: 91823ABE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1031155.60   | 0.16%             | 2054-05-15      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| Penta CLO S.A.                                   | Penta CLO 17 DAC                                                      | CUSIP: 000000000<br>LEI: 254900P6EQ7DE06DX267 | Long             | ABS-CBDO         | CORP              | IE        |   1400000 | PA      | $1577267.05   | 0.25%             | 2038-08-15      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Payden Cash Reserves Money Market Fund           | Payden Cash Reserves Money Market Fund                                | CUSIP: 704329598<br>LEI: 549300SI0EB26HO5RT16 | Long             | STIV             | RF                | US        |   1734008 | NS      | $1734007.83   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Dryden Senior Loan Fund                          | Dryden XXVI Senior Loan Fund                                          | CUSIP: 26250UAS4<br>LEI: 549300ENU7ZZLTPT3E22 | Long             | ABS-CBDO         | CORP              | KY        |   3700000 | PA      | $3697720.80   | 0.58%             | 2029-04-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | USD/AUD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-84704.11    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                   | Apidos CLO XXXII                                                      | CUSIP: 03768RAU0<br>LEI: 549300CXPXW83QGWOL98 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $797841.60    | 0.13%             | 2033-01-20      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                   | Bravo Residential Funding Trust Series 2025-NQM1                      | CUSIP: 10569MAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2851327 | PA      | $2862131.04   | 0.45%             | 2064-12-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                               | Energy Transfer LP                                                    | CUSIP: 29273VBD1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    650000 | PA      | $656749.11    | 0.10%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | Citigroup Inc                                                         | CUSIP: 172967LP4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1227071.39   | 0.19%             | 2028-07-24      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                         | Vistra Operations Co LLC                                              | CUSIP: 92840VAL6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    456000 | PA      | $456000.55    | 0.07%             | 2025-05-13      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2019-R03                          | CUSIP: 20753MAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2297671 | PA      | $2397304.21   | 0.38%             | 2031-09-25      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                         | Delta Air Lines Inc / SkyMiles IP Ltd                                 | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1525000 | PA      | $1516131.65   | 0.24%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                          | Surgery Center Holdings Inc                                           | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    850000 | PA      | $849133.51    | 0.13%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                            | Uber Technologies Inc                                                 | CUSIP: 90353TAN0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1161423.91   | 0.18%             | 2030-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                   | Galaxy XXII CLO Ltd                                                   | CUSIP: 36320TBD4<br>LEI: 54930022KENWLYJ8SJ86 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3491463.50   | 0.55%             | 2034-04-16      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| STATE STREET GLOBAL MARKETS, LLC                 | EUR/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: 549300FDEDF5ORXCMQ56 | N/A              | DFE              | CORP              | US        |         1 | NC      | $95835.63     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ROLLINS INC                                      | Rollins Inc                                                           | CUSIP: 775711AA2<br>LEI: 549300F2A0BXT4SGWD84 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1447438.08   | 0.23%             | 2035-02-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                              | Petroleos Mexicanos                                                   | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1400000 | PA      | $1573300.49   | 0.25%             | 2025-11-24      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Terex Corporation                                | TEREX CORP                                                            | CUSIP: 88078FBM9<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | LON              | CORP              | US        |    850000 | PA      | $850000.00    | 0.13%             | 2031-10-08      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Leia Finco US LLC                                | LEIA FINCO US LLC                                                     | CUSIP: 52526CAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    675000 | PA      | $671861.25    | 0.11%             | 2031-10-09      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                              | Hotwire Funding LLC                                                   | CUSIP: 44148JAM1<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $769158.75    | 0.12%             | 2054-06-20      | Fixed         | 9.19%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                     | Broadcom Inc                                                          | CUSIP: 11135FBR1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1273395.67   | 0.20%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                           | Republic of Uzbekistan International Bond                             | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    900000 | PA      | $774928.13    | 0.12%             | 2030-11-25      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| KLEPIERRE SA                                     | Klepierre SA                                                          | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | DBT              | CORP              | FR        |   1300000 | PA      | $1504197.69   | 0.24%             | 2033-09-23      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-S1   | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-S1                        | CUSIP: 80286QAC3<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       126 | NS      | $3110224.67   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                       | FERTITTA ENTERTAINMENT LLC/NV                                         | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |       835 | PA      | $815.15       | 0.00%             | 2029-01-27      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| STATE STREET GLOBAL MARKETS, LLC                 | USD/EUR FORWARD                                                       | CUSIP: 000000000<br>LEI: 549300FDEDF5ORXCMQ56 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-3173675.96  | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| OCP Euro CLO                                     | Ocp Euro Clo 2023-7 DAC                                               | CUSIP: 000000000<br>LEI: 635400SWYKSK8LNFAE07 | Long             | ABS-CBDO         | CORP              | IE        |   1700000 | PA      | $1912968.80   | 0.30%             | 2036-04-25      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                | Magnetite XIX Ltd                                                     | CUSIP: 55954KBA2<br>LEI: 5493000OP4ZUZOOM1U45 | Long             | ABS-CBDO         | CORP              | KY        |   4300000 | PA      | $4268653.00   | 0.67%             | 2034-04-17      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                   | BRAVO Residential Funding Trust 2025-NQM3                             | CUSIP: 105927AC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1227387 | PA      | $1244366.62   | 0.20%             | 2065-03-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2025-2                                     | CUSIP: 92540VAA3<br>LEI: 213800TTP1CNX4WER720 | Long             | ABS-MBS          | CORP              | US        |   1781160 | PA      | $1782863.32   | 0.28%             | 2070-03-25      | Variable      | 5.31%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2025-NQM3 Trust                                                   | CUSIP: 67448YAE4<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-MBS          | CORP              | US        |   2062119 | PA      | $2071818.87   | 0.33%             | 2064-12-01      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                         | Western Midstream Operating LP                                        | CUSIP: 958667AG2<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    750000 | PA      | $713138.60    | 0.11%             | 2034-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| RENTOKIL INITIAL PLC                             | Rentokil Initial PLC                                                  | CUSIP: 000000000<br>LEI: 549300VN4WV7Z6T14K68 | Long             | DBT              | CORP              | GB        |   1700000 | PA      | $1807385.79   | 0.28%             | 2028-10-14      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| HOLCIM FINANCE US LLC                            | Holcim Finance US LLC                                                 | CUSIP: 43475RAD8<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1350083.44   | 0.21%             | 2035-04-07      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                           | General Motors Financial Co Inc                                       | CUSIP: 37045XEZ5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2675000 | PA      | $2632171.19   | 0.41%             | 2029-10-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                           | Extra Space Storage LP                                                | CUSIP: 30225VAU1<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1522390.19   | 0.24%             | 2035-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | EUR/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $824336.35    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Lo                   | Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd                | CUSIP: 03880RAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1650000 | PA      | $1653037.49   | 0.26%             | 2036-11-15      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                          | Frontier Communications Holdings LLC                                  | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990543.88    | 0.16%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BE SEMICONDUCTOR                                 | BE Semiconductor Industries NV                                        | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Long             | DBT              | CORP              | NL        |    750000 | PA      | $864040.98    | 0.14%             | 2031-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Commercial Mortgage Trust 2021-VOLT                                | CUSIP: 05609VAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2933819.70   | 0.46%             | 2036-09-15      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                         | Penske Truck Leasing Co Lp / PTL Finance Corp                         | CUSIP: 709599BR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    775000 | PA      | $796919.14    | 0.13%             | 2027-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                            | Minerva Luxembourg SA                                                 | CUSIP: 000000000<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |   1725000 | PA      | $1841209.80   | 0.29%             | 2033-09-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2022-R07                          | CUSIP: 20754MBZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    873828 | PA      | $895142.32    | 0.14%             | 2042-06-25      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2023-HQA1                               | CUSIP: 35564KY37<br>LEI: 5493000IRHY5YZIPQD14 | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1528994.60   | 0.24%             | 2043-05-25      | Floating      | 9.85%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding                   | Diamond Infrastructure Funding LLC                                    | CUSIP: 25265LAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1150000 | PA      | $1083710.44   | 0.17%             | 2049-04-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                         | Standard Building Solutions Inc                                       | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1064010.84   | 0.17%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | USD/SEK FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-191248.07   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ADVANTAGE SALES & MARKET                         | Advantage Sales & Marketing Inc                                       | CUSIP: 00775PAA5<br>LEI: 549300T4O24KQDED1182 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $866680.37    | 0.14%             | 2028-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Dryden Leveraged Loan CDO                        | Dryden 39 Euro CLO 2015 DAC                                           | CUSIP: 000000000<br>LEI: 635400A5F6GDIM6HUG89 | Long             | ABS-CBDO         | CORP              | IE        |    650000 | PA      | $731117.03    | 0.12%             | 2035-04-15      | Floating      | 3.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2025-R02                          | CUSIP: 20754TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2182150 | PA      | $2173671.82   | 0.34%             | 2045-02-25      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2022-DNA2                               | CUSIP: 35564KRF8<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | CORP              | US        |   4200000 | PA      | $4290222.72   | 0.68%             | 2042-02-25      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2021-DNA6                               | CUSIP: 35564KKY4<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | CORP              | US        |    768273 | PA      | $767533.49    | 0.12%             | 2041-10-25      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Diamond Issuer LLC                               | Diamond Issuer LLC                                                    | CUSIP: 25267TAS0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1844213.40   | 0.29%             | 2051-11-20      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | 10 YEAR U.S. TREASURY NOTE                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -181 | NC      | $-228953.74   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | GBP/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $158210.43    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | USD/BRL FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1003922.15  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                       | USD/EUR FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-236025.03   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                               | Expand Energy Corp                                                    | CUSIP: 165167DH7<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    700000 | PA      | $691181.47    | 0.11%             | 2035-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                         | Penske Truck Leasing Co Lp / PTL Finance Corp                         | CUSIP: 709599CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1169688.00   | 0.18%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Regatta XXII Funding Ltd.                        | Regatta XXII Funding Ltd                                              | CUSIP: 758968AQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3400000 | PA      | $3391401.40   | 0.53%             | 2035-07-20      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                      | OCP CLO Ltd                                                           | CUSIP: 671026AQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4200000 | PA      | $4140897.60   | 0.65%             | 2037-01-17      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| B&M EUROPEAN VALUE RET                           | B&M European Value Retail SA                                          | CUSIP: 000000000<br>LEI: 213800UK7ZRLY2K1X530 | Long             | DBT              | CORP              | LU        |    925000 | PA      | $1207297.29   | 0.19%             | 2031-11-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                         | Saudi Government International Bond                                   | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   2225000 | PA      | $2466660.05   | 0.39%             | 2037-03-05      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                   | Santander Drive Auto Receivables Trust 2023-S1                        | CUSIP: 80286QAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    515848 | PA      | $521020.14    | 0.08%             | 2028-04-18      | Fixed         | 8.14%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | US ULTRA BOND CBT                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -42 | NC      | $34464.78     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SAGAX AB                                         | Sagax AB                                                              | CUSIP: 000000000<br>LEI: 549300LJX28T6OM8DT95 | Long             | DBT              | CORP              | SE        |   1800000 | PA      | $2117350.01   | 0.33%             | 2030-05-29      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2023-DNA1                               | CUSIP: 35564KP37<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-MBS          | CORP              | US        |   1213943 | PA      | $1234607.92   | 0.19%             | 2043-03-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate                    | Cantor Commercial Real Estate Lending 2019-CF1                        | CUSIP: 12529MAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14922858 | PA      | $475576.55    | 0.07%             | 2052-05-15      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                    | Boeing Co/The                                                         | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    750000 | PA      | $800896.48    | 0.13%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                   | Santander Bank Auto Credit-Linked Notes Series 2022-C                 | CUSIP: 80290CBK9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2700000 | PA      | $2850303.33   | 0.45%             | 2032-12-15      | Fixed         | 14.59%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2024-HQA1                               | CUSIP: 35564NCA9<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3009738.00   | 0.47%             | 2044-03-25      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co                                                      | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    317000 | PA      | $319040.78    | 0.05%             | 2028-07-25      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2024-9                                     | CUSIP: 92540RAC8<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |   3371982 | PA      | $3375044.14   | 0.53%             | 2069-11-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp                                                  | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1120844.41   | 0.18%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                     | Entegris Inc                                                          | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1145033.62   | 0.18%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | US 10YR ULTRA                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -195 | NC      | $-336775.39   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL MUSIC GROUP NV                         | Universal Music Group NV                                              | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | DBT              | CORP              | NL        |   1225000 | PA      | $1445678.41   | 0.23%             | 2031-06-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BlueMountain EUR CLO                             | BlueMountain Fuji Eur CLO V DAC                                       | CUSIP: 000000000<br>LEI: 635400IYPG2G6NM3OV52 | Long             | ABS-CBDO         | CORP              | IE        |   1225000 | PA      | $1377251.31   | 0.22%             | 2033-01-15      | Floating      | 3.83%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                     | Broadcom Inc                                                          | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1019871.32   | 0.16%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CPPIB OVM MEMBER US LLC                          | CPPIB OVM MEMBER US LLC                                               | CUSIP: 12673CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    696501 | PA      | $692725.60    | 0.11%             | 2031-08-20      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Dragon Buyer, Inc.                               | DRAGON BUYER INC                                                      | CUSIP: 26143FAB5<br>LEI: 2549006V6EIUFGF2Y127 | Long             | LON              | CORP              | US        |    708225 | PA      | $705037.99    | 0.11%             | 2031-09-30      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| AMERIPRISE FINANCIAL INC                         | Ameriprise Financial Inc                                              | CUSIP: 03076CAP1<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1127261.44   | 0.18%             | 2035-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2022-R04                          | CUSIP: 20753YAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4100000 | PA      | $4346444.44   | 0.68%             | 2042-03-25      | Floating      | 9.60%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                           | Millicom International Cellular SA                                    | CUSIP: 000000000<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    700000 | PA      | $623969.29    | 0.10%             | 2031-04-27      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                   | Carlyle Global Market Strategies CLO 2016-1 Ltd                       | CUSIP: 14312HBE5<br>LEI: 549300N3CJKPCWZ7KX23 | Long             | ABS-CBDO         | CORP              | KY        |   2300000 | PA      | $2290885.10   | 0.36%             | 2034-04-20      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                   | Santander Bank Auto Credit-Linked Notes Series 2022-C                 | CUSIP: 80290CBJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    113426 | PA      | $114345.50    | 0.02%             | 2032-12-15      | Fixed         | 11.37%                | No            |                  2 | On Loan: No      |
| ICE FUTURES EUROPE                               | LONG GILT                                                             | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |       -14 | NC      | $-50122.33    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| PARAMOUNT GLOBAL                                 | Paramount Global                                                      | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    600000 | PA      | $580681.37    | 0.09%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2021-HQA3                               | CUSIP: 35564KKK4<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |   3900000 | PA      | $3970906.68   | 0.63%             | 2041-09-25      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                                 | VB-S1 Issuer LLC - VBTEL                                              | CUSIP: 91823ABA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2170209.62   | 0.34%             | 2052-02-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2022-DNA5                               | CUSIP: 35564KYW3<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-MBS          | CORP              | US        |   1340000 | PA      | $1474322.14   | 0.23%             | 2042-06-25      | Floating      | 11.10%                | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                         | Organon & Co / Organon Foreign Debt Co-Issuer BV                      | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $630105.83    | 0.10%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                   | Santander Drive Auto Receivables Trust 2023-S1                        | CUSIP: 80286QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1487041 | PA      | $1495868.62   | 0.24%             | 2028-04-18      | Fixed         | 10.40%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2023-R08                          | CUSIP: 20755CAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1642518.40   | 0.26%             | 2043-10-25      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-S2   | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-S2                        | CUSIP: 80287MAD9<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        61 | NS      | $1046462.85   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust 2021-4 Class R        | Flagship Credit Auto Trust 2021-4 Class R                             | CUSIP: 33845A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       110 | NS      | $17929.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aimco                                            | AIMCO CLO Series 2018-B                                               | CUSIP: 00900PAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1399959.40   | 0.22%             | 2037-04-16      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                | EURO-BUND                                                             | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |      -150 | NC      | $-364527.06   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                          | Stagwell Global LLC                                                   | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1228315.92   | 0.19%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                      | Ivory Coast Government International Bond                             | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    917000 | PA      | $904938.01    | 0.14%             | 2028-03-03      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MEXICO CITY ARPT TRUST                           | Mexico City Airport Trust                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   2000000 | PA      | $1963190.00   | 0.31%             | 2026-10-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2021-R01                          | CUSIP: 20754RAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1752135 | PA      | $1754671.71   | 0.28%             | 2041-10-25      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM15 Trust                                                  | CUSIP: 67449DAA7<br>LEI: 254900YXEB756F6RCA13 | Long             | ABS-MBS          | CORP              | US        |   2169925 | PA      | $2169443.77   | 0.34%             | 2064-10-25      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| ALMAVIVA THE ITALIAN INN                         | Almaviva-The Italian Innovation Co SpA                                | CUSIP: 000000000<br>LEI: 815600A862DA4DD9E211 | Long             | DBT              | CORP              | IT        |   1100000 | PA      | $1272212.82   | 0.20%             | 2030-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regatta XXII Funding Ltd.                        | Regatta XXII Funding Ltd                                              | CUSIP: 758968AS0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $2100441.00   | 0.33%             | 2035-07-20      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY OPER PA                         | Americold Realty Operating Partnership LP                             | CUSIP: 03063UAB7<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1727496.14   | 0.27%             | 2032-05-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                               | Dominican Republic International Bond                                 | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1310000 | PA      | $1318384.00   | 0.21%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| KREF 2022-Fl3 Ltd                                | KREF 2022-FL3 Ltd                                                     | CUSIP: 48275EAA4<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |   2112380 | PA      | $2112270.46   | 0.33%             | 2039-02-17      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                | EURO-BOBL                                                             | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |      -126 | NC      | $-215758.65   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CO                              | American Express Co                                                   | CUSIP: 025816DH9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    980000 | PA      | $1006374.58   | 0.16%             | 2029-07-27      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                            | Freedom Mortgage Holdings LLC                                         | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1305901.83   | 0.21%             | 2031-05-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Commercial Mortgage Trust 2021-SOAR                                | CUSIP: 05608WAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    789064 | PA      | $782341.20    | 0.12%             | 2038-06-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                       | VMware LLC                                                            | CUSIP: 928563AK1<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1344059.00   | 0.21%             | 2028-08-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                        | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3345583.79   | 0.53%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2021-HQA3                               | CUSIP: 35564KKL2<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $620169.96    | 0.10%             | 2041-09-25      | Floating      | 10.60%                | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                          | Blackstone Secured Lending Fund                                       | CUSIP: 09261XAK8<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    700000 | PA      | $681933.97    | 0.11%             | 2030-06-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TierPoint Issuer LLC                             | TierPoint Issuer LLC                                                  | CUSIP: 88651CAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    483333 | PA      | $484326.19    | 0.08%             | 2053-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Frost CMBS                                       | Frost CMBS 2021-1 DAC                                                 | CUSIP: 000000000<br>LEI: 635400USRLUMX8CQN243 | Long             | ABS-MBS          | CORP              | IE        |   1255583 | PA      | $1648419.35   | 0.26%             | 2033-11-20      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | WELLS FARGO & CO                                                      | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2886413.14   | 0.45%             | 2029-04-23      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-23

**Name of Applicant:** PAYDEN & RYGEL INVESTMENT GROUP

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer