# EDGAR Filing Document

**Accession Number:** 0001676326
**File Stem:** 0002071691-26-011922
**Filing Date:** 2026-5
**Character Count:** 245800
**Document Hash:** 889692856b4e3bfeac16e630b4b72c7c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-011922.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0002071691-26-011922

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley ETF Trust
- **CENTRAL INDEX KEY:** 0001676326

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23820
- **FILM NUMBER:** 261022370

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212.296.1404

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

## Series and Classes Contracts Data

### Eaton Vance Short Duration Income ETF (Series ID: S000084183)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000248456 | Eaton Vance Short Duration Income ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Morgan Stanley ETF Trust

- **b. Investment Company Act file number:** 811-23820

- **c. CIK number of Registrant:** 0001676326

- **d. LEI of Registrant:** 549300HASXQLXGOR9H31

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

  - **Street Address 1:** 1585 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 800-548-7786

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

- **a. Name of Series:** Eaton Vance Short Duration Income ETF

- **b. EDGAR series identifier (if any):** S000084183

- **c. LEI of Series:** 254900H1WCGW58VEGZ62

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1235830905.13

**Total Liabilities:** $93007318.92

**Net Assets:** $1142823586.21

**Cash Not Reported:** $0.07

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3094.42050500 | **1-Year:** 49678.32573800 | **5-Year:** 135190.52633300 | **10-Year:** 36815.16697400 | **30-Year:** 1310.81836400

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

- **3-Month:** 22.32602300 | **1-Year:** 5483.68553400 | **5-Year:** 5415.90805700 | **10-Year:** 312.31967100 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248456 | 0.42%                | 0.54%                | -0.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $278345.88               | $237260.83                                 |
| Month 2  | $465017.81               | $1002733.82                                |
| Month 3  | $-96352.93               | $-12197765.78                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Citadel Securities Global Holdings LLC               | Citadel Securities Global Holdings LLC                                                    | CUSIP: 17289RAE6<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    416000 | PA      | $412907.25    | 0.04%             | 2032-01-27      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31388UNK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       305 | PA      | $316.36       | 0.00%             | 2032-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Sonic Automotive, Inc.                               | Sonic Automotive, Inc.                                                                    | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |   2737000 | PA      | $2654913.54   | 0.23%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: —       |
| General Motors Financial Co., Inc.                   | General Motors Financial Co., Inc.                                                        | CUSIP: 37045XFM3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2184000 | PA      | $2153405.89   | 0.19%             | 2031-01-08      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Diebold Nixdorf, Inc.                                | Diebold Nixdorf, Inc.                                                                     | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |   2116000 | PA      | $2205587.21   | 0.19%             | 2030-03-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Bellemeade RE Ltd.                                   | Bellemeade RE Ltd., Series 2021-3A, Class B1                                              | CUSIP: 078777AF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   2100000 | PA      | $2166457.44   | 0.19%             | 2031-09-25      | Floating      | 7.51%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale SA                                  | Societe Generale SA                                                                       | CUSIP: 83368RCG5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1742000 | PA      | $1779037.25   | 0.16%             | 2031-05-22      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                               | Sequoia Mortgage Trust, Series 2004-7, Class A2                                           | CUSIP: 81744FCW5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     33649 | PA      | $31046.60     | 0.00%             | 2034-08-20      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| COPT Defense Properties LP                           | COPT Defense Properties LP                                                                | CUSIP: 22003BAN6<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |    481000 | PA      | $448930.73    | 0.04%             | 2029-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                | Wells Fargo Commercial Mortgage Trust, Series 2026-1250B, Class A                         | CUSIP: 949939AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1294000 | PA      | $1282650.71   | 0.11%             | 2041-03-10      | Variable      | 4.83%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2025-18, Class WF                                                     | CUSIP: 3136BVMZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2026477 | PA      | $2040006.21   | 0.18%             | 2054-09-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Biogen, Inc.                                         | Biogen, Inc.                                                                              | CUSIP: 09062XAH6<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |   2304000 | PA      | $2106021.96   | 0.18%             | 2030-05-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: —       |
| GNMA                                                 | GNMA, Series 2023-116, Class DF                                                           | CUSIP: 38384EDX0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1559860 | PA      | $1570589.73   | 0.14%             | 2053-08-20      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                           | J.P. Morgan Mortgage Trust, Series 2024-HE1, Class A1                                     | CUSIP: 46658AAA3<br>LEI: 529900PFHUFMSHU0UV97 | Long             | ABS-O            | CORP              | US        |   1726105 | PA      | $1730885.21   | 0.15%             | 2054-08-25      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Global Atlantic Fin Co.                              | Global Atlantic Fin Co.                                                                   | CUSIP: 37959GAA5<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   1863000 | PA      | $1802989.40   | 0.16%             | 2029-10-15      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31391PBD7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       284 | PA      | $296.26       | 0.00%             | 2032-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Midcap Financial Issuer Trust                        | Midcap Financial Issuer Trust                                                             | CUSIP: 59590AAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1745000 | PA      | $1723892.40   | 0.15%             | 2029-04-15      | Fixed         | 5.37%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                     | CCO Holdings LLC                                                                          | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2039000 | PA      | $2023494.22   | 0.18%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2024-25, Class FB                                                     | CUSIP: 3136BRTL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3225701 | PA      | $3232981.19   | 0.28%             | 2054-05-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Citadel LP                                           | Citadel LP                                                                                | CUSIP: 17288XAC8<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |    414000 | PA      | $429335.24    | 0.04%             | 2032-01-23      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                 | FNMA, REMIC, Series 2025-12, Class GF                                                     | CUSIP: 3136BVGS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2108097 | PA      | $2123997.76   | 0.19%             | 2055-03-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2025-109, Class FC                                                    | CUSIP: 3136BYEL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2203162 | PA      | $2202525.38   | 0.19%             | 2054-11-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31389L2Y4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       410 | PA      | $426.19       | 0.00%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31389FLF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1790 | PA      | $1861.95      | 0.00%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bain Capital Specialty Finance, Inc.                 | Bain Capital Specialty Finance, Inc.                                                      | CUSIP: 05684BAC1<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1195981.54   | 0.10%             | 2026-10-13      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| NRM FHT1 Excess Owner LLC                            | NRM FHT1 Excess Owner LLC, Series 2025-FHT1, Class A                                      | CUSIP: 64832EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    433929 | PA      | $437391.04    | 0.04%             | 2032-03-25      | Variable      | 6.55%                 | Yes           |                  2 | On Loan: No      |
| DBC Mortgage Trust                                   | DBC Mortgage Trust, Series 2025-DBC, Class A                                              | CUSIP: 23306HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1875000 | PA      | $1876450.50   | 0.16%             | 2042-11-15      | Floating      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| ORL Trust                                            | ORL Trust, Series 2024-GLKS, Class A                                                      | CUSIP: 67120DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    712000 | PA      | $712889.29    | 0.06%             | 2039-12-15      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| MFA Trust                                            | MFA Trust, Series 2024-NPL1, Class A1                                                     | CUSIP: 58004YAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    413910 | PA      | $414730.42    | 0.04%             | 2054-09-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                    | HSBC Holdings plc                                                                         | CUSIP: 404280EF2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   5307000 | PA      | $5367471.14   | 0.47%             | 2028-05-17      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                           | UMBS Pool, 30 Year                                                                        | CUSIP: 3132DWMY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1922975 | PA      | $1933450.68   | 0.17%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes              | Santander Bank Auto Credit-Linked Notes, Series 2023-A, Class F                           | CUSIP: 80290CBY9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1178155 | PA      | $1216182.64   | 0.11%             | 2033-06-15      | Fixed         | 13.75%                | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31385JB98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     30573 | PA      | $32116.00     | 0.00%             | 2032-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                         | DNB Bank ASA                                                                              | CUSIP: 25601B2E4<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |   6291000 | PA      | $6203220.98   | 0.54%             | 2031-11-04      | Variable      | 4.38%                 | Yes           |                  2 | On Loan: —       |
| MAPS Trust                                           | MAPS Trust, Series 2026-1A, Class A                                                       | CUSIP: 55293WAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1558872 | PA      | $1526159.72   | 0.13%             | 2051-01-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Videotron Ltd.                                       | Videotron Ltd.                                                                            | CUSIP: 92660FAN4<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |   1355000 | PA      | $1311890.49   | 0.11%             | 2029-06-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| HYT Commercial Mortgage Trust                        | HYT Commercial Mortgage Trust, Series 2024-RGCY, Class C                                  | CUSIP: 449173AE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    297000 | PA      | $297632.88    | 0.03%             | 2041-09-15      | Floating      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| EFMT                                                 | EFMT, Series 2026-INV2, Class A1F                                                         | CUSIP: 26846TAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2486025 | PA      | $2489566.18   | 0.22%             | 2071-02-25      | Floating      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5397, Class FE                                                       | CUSIP: 3137HCFS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1892381 | PA      | $1908728.08   | 0.17%             | 2054-04-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Lithia Motors, Inc.                                  | Lithia Motors, Inc.                                                                       | CUSIP: 536797AE3<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    653000 | PA      | $646351.48    | 0.06%             | 2027-12-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                     | OneMain Financial Issuance Trust, Series 2021-1A, Class B                                 | CUSIP: 68269MAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1627000 | PA      | $1548856.65   | 0.14%             | 2036-06-16      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| PENN Commercial Mortgage Trust                       | PENN Commercial Mortgage Trust, Series 2025-P11, Class A                                  | CUSIP: 69382VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    960000 | PA      | $976472.83    | 0.09%             | 2042-08-10      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5370, Class FB                                                       | CUSIP: 3137HBFP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1095011 | PA      | $1106145.74   | 0.10%             | 2054-01-25      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5527, Class FA                                                       | CUSIP: 3137HKWJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1350500 | PA      | $1349499.98   | 0.12%             | 2055-04-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                   | Canadian Imperial Bank of Commerce                                                        | CUSIP: 13607QWB4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   2345000 | PA      | $2329871.02   | 0.20%             | 2030-01-29      | Variable      | 4.28%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                             | Vantage Data Centers LLC, Series 2020-2A, Class A2                                        | CUSIP: 92212KAC0<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |   5065000 | PA      | $4838974.38   | 0.42%             | 2045-09-15      | Fixed         | 1.99%                 | Yes           |                  2 | On Loan: No      |
| CTR Partnership LP                                   | CTR Partnership LP                                                                        | CUSIP: 126458AE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4234000 | PA      | $4116844.80   | 0.36%             | 2028-06-30      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2024-48, Class FC                                                     | CUSIP: 3136BSLD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3811819 | PA      | $3836868.93   | 0.34%             | 2054-07-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CEW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1132000 | PA      | $1124261.72   | 0.10%             | 2027-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| American National Global Funding                     | American National Global Funding                                                          | CUSIP: 02771D2B9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1588000 | PA      | $1583092.71   | 0.14%             | 2030-06-03      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| EPR Properties                                       | EPR Properties                                                                            | CUSIP: 26884UAE9<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |   2666000 | PA      | $2662955.53   | 0.23%             | 2028-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Willis Engine Structured Trust VIII                  | Willis Engine Structured Trust VIII, Series 2025-A, Class A                               | CUSIP: 97063RAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1615611 | PA      | $1638642.27   | 0.14%             | 2050-06-15      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Diamond Infrastructure Funding LLC                   | Diamond Infrastructure Funding LLC, Series 2021-1A, Class A                               | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $586677.66    | 0.05%             | 2049-04-15      | Fixed         | 1.76%                 | Yes           |                  2 | On Loan: No      |
| Reach ABS Trust                                      | Reach ABS Trust, Series 2026-1A, Class B                                                  | CUSIP: 75526XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    885000 | PA      | $882057.11    | 0.08%             | 2033-02-15      | Fixed         | 4.37%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2025-170, Class KF                                                           | CUSIP: 38385HN37<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1695137 | PA      | $1704317.06   | 0.15%             | 2055-10-20      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Horizon Aircraft Finance IV Ltd.                     | Horizon Aircraft Finance IV Ltd., Series 2024-1, Class A                                  | CUSIP: 43990EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1045250 | PA      | $1037864.26   | 0.09%             | 2049-09-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Crossroads Asset Trust                               | Crossroads Asset Trust, Series 2024-A, Class A2                                           | CUSIP: 227927AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    126729 | PA      | $127796.56    | 0.01%             | 2030-08-20      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| TD SYNNEX Corp.                                      | TD SYNNEX Corp.                                                                           | CUSIP: 87162WAM2<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   2543000 | PA      | $2515325.45   | 0.22%             | 2029-01-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp.                                | Las Vegas Sands Corp.                                                                     | CUSIP: 517834AN7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   2964000 | PA      | $3050082.89   | 0.27%             | 2030-06-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Structured Trust                 | Castlelake Aircraft Structured Trust, Series 2026-1A, Class A                             | CUSIP: 148924AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2415000 | PA      | $2375384.34   | 0.21%             | 2051-03-15      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Bonds                                                                       | CUSIP: 912810FM5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1056000 | PA      | $1149596.25   | 0.10%             | 2030-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                          | McGraw-Hill Education, Inc.                                                               | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   2119000 | PA      | $2096789.45   | 0.18%             | 2028-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: —       |
| Cloud Capital Holdco LP                              | Cloud Capital Holdco LP, Series 2024-2A, Class A2                                         | CUSIP: 102104AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250639.35    | 0.02%             | 2049-11-22      | Fixed         | 5.92%                 | Yes           |                  2 | On Loan: No      |
| HA Sustainable Infrastructure Capital, Inc.          | HA Sustainable Infrastructure Capital, Inc.                                               | CUSIP: 41068XAF7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   3215000 | PA      | $3238355.24   | 0.28%             | 2034-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| Retained Vantage Data Centers Issuer LLC             | Retained Vantage Data Centers Issuer LLC, Series 2023-1A, Class A2A                       | CUSIP: 76134KAA2<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |    861000 | PA      | $859218.25    | 0.08%             | 2048-09-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                        | Smyrna Ready Mix Concrete LLC                                                             | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   2535000 | PA      | $2517466.17   | 0.22%             | 2028-11-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| MMP Capital LLC                                      | MMP Capital LLC, Series 2025-A, Class A                                                   | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    524875 | PA      | $528776.42    | 0.05%             | 2031-12-15      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                                      | CUSIP: 46647PFG6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2444000 | PA      | $2410025.52   | 0.21%             | 2032-01-22      | Variable      | 4.35%                 | No            |                  2 | On Loan: —       |
| PEAC Solutions Receivables LLC                       | PEAC Solutions Receivables LLC, Series 2025-1A, Class A3                                  | CUSIP: 69392HAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    430000 | PA      | $435778.30    | 0.04%             | 2032-07-20      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Commonbond Student Loan Trust                        | Commonbond Student Loan Trust, Series 2021-AGS, Class A                                   | CUSIP: 20268WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    598457 | PA      | $514761.96    | 0.05%             | 2052-03-25      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                        | UMBS, Single Family, 30 Year                                                              | CUSIP: 01F052656<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        | -18760000 | PA      | $-18815693.75 | -1.65%            | 2056-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARES XLIV CLO Ltd.                                   | ARES XLIV CLO Ltd., Series 2017-44A, Class BRR                                            | CUSIP: 04016NBP7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2986428.00   | 0.26%             | 2034-04-15      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                            | Ford Motor Credit Co. LLC                                                                 | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3112000 | PA      | $3083466.97   | 0.27%             | 2029-05-03      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Utah Acquisition Sub, Inc.                           | Utah Acquisition Sub, Inc.                                                                | CUSIP: 62854AAN4<br>LEI: 254900JOFV74IJ7H9933 | Long             | DBT              | CORP              | US        |   5664000 | PA      | $5653590.64   | 0.49%             | 2026-06-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| NLG Global Funding                                   | NLG Global Funding                                                                        | CUSIP: 62915W2B8<br>LEI: 635400SKBQOWEJZLTW68 | Long             | DBT              | CORP              | US        |   2823000 | PA      | $2775255.48   | 0.24%             | 2030-09-15      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2024-84, Class JF                                                     | CUSIP: 3136BTUE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2244745 | PA      | $2264107.61   | 0.20%             | 2054-11-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Imperial Brands Finance plc                          | Imperial Brands Finance plc                                                               | CUSIP: 45262BAG8<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   6599000 | PA      | $6773579.32   | 0.59%             | 2030-02-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                      | Wingspire Equipment Finance LLC, Series 2025-1A, Class A2                                 | CUSIP: 97415CAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1105000 | PA      | $1104382.86   | 0.10%             | 2033-09-20      | Fixed         | 4.33%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners ABS Funding Ltd.              | Golub Capital Partners ABS Funding Ltd., Series 2021-1A, Class A2                         | CUSIP: 38178HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    852417 | PA      | $786770.59    | 0.07%             | 2029-04-20      | Fixed         | 2.77%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                                      | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    325000 | PA      | $327879.14    | 0.03%             | 2029-01-24      | Variable      | 4.92%                 | No            |                  2 | On Loan: —       |
| FHLMC                                                | FHLMC STACR REMIC Trust, Series 2022-DNA2, Class B2                                       | CUSIP: 35564KSQ3<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | CORP              | US        |   1035000 | PA      | $1091460.08   | 0.10%             | 2042-02-25      | Floating      | 12.16%                | Yes           |                  2 | On Loan: No      |
| Planet Fitness Master Issuer LLC                     | Planet Fitness Master Issuer LLC, Series 2019-1A, Class A2                                | CUSIP: 72703PAC7<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |   1139062 | PA      | $1086809.60   | 0.10%             | 2049-12-05      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| Driven Brands Funding LLC                            | Driven Brands Funding LLC, Series 2021-1A, Class A2                                       | CUSIP: 26209XAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2157753 | PA      | $1949628.57   | 0.17%             | 2051-10-20      | Fixed         | 2.79%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC STACR Trust, Series 2021-HQA3, Class B2                                             | CUSIP: 35564KKL2<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |    660000 | PA      | $673375.23    | 0.06%             | 2041-09-25      | Floating      | 9.91%                 | Yes           |                  2 | On Loan: No      |
| Willis Engine Structured Trust IX                    | Willis Engine Structured Trust IX, Series 2025-B, Class A                                 | CUSIP: 970910AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2034587 | PA      | $2030408.22   | 0.18%             | 2050-12-15      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Bank of Montreal                                     | Bank of Montreal, Series J                                                                | CUSIP: 06368ME67<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   2175000 | PA      | $2142261.25   | 0.19%             | 2032-01-14      | Variable      | 4.44%                 | No            |                  2 | On Loan: —       |
| Lithia Motors, Inc.                                  | Lithia Motors, Inc.                                                                       | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   3416000 | PA      | $3246561.96   | 0.28%             | 2029-06-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31391FP85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1751 | PA      | $1819.11      | 0.00%             | 2032-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31371HTA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       632 | PA      | $653.21       | 0.00%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CKE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    213000 | PA      | $214048.25    | 0.02%             | 2027-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| BPCE SA                                              | BPCE SA                                                                                   | CUSIP: 05571ABE4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   2020000 | PA      | $1992879.62   | 0.17%             | 2032-01-13      | Variable      | 4.76%                 | Yes           |                  2 | On Loan: —       |
| Radian Mortgage Capital Trust                        | Radian Mortgage Capital Trust, Series 2025-J3, Class A16                                  | CUSIP: 75024RAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    497289 | PA      | $501259.56    | 0.04%             | 2055-12-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Castlelake Aircraft Structured Trust                 | Castlelake Aircraft Structured Trust, Series 2025-1A, Class A                             | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1741607 | PA      | $1756169.37   | 0.15%             | 2050-02-15      | Fixed         | 5.78%                 | Yes           |                  2 | On Loan: No      |
| General Motors Co.                                   | General Motors Co.                                                                        | CUSIP: 37045VAU4<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   3995000 | PA      | $4110121.36   | 0.36%             | 2027-10-01      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5483, Class FB                                                       | CUSIP: 3137HHNE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    684032 | PA      | $688709.06    | 0.06%             | 2054-12-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                        | Lendbuzz Securitization Trust, Series 2025-2A, Class B                                    | CUSIP: 52611JAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1165000 | PA      | $1160212.20   | 0.10%             | 2030-11-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Mosaic Solar Loan Trust                              | Mosaic Solar Loan Trust, Series 2020-1A, Class A                                          | CUSIP: 61946NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    122126 | PA      | $107877.42    | 0.01%             | 2046-04-20      | Fixed         | 2.10%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury 5 Year Notes                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       769 | NC      | $-862000.62   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| DB Master Finance LLC                                | DB Master Finance LLC, Series 2021-1A, Class A2I                                          | CUSIP: 233046AN1<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   1975322 | PA      | $1945147.67   | 0.17%             | 2051-11-20      | Fixed         | 2.04%                 | Yes           |                  2 | On Loan: No      |
| Banco Santander SA                                   | Banco Santander SA                                                                        | CUSIP: 05964HAY1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2056000 | PA      | $2161209.49   | 0.19%             | 2028-11-07      | Fixed         | 6.61%                 | No            |                  2 | On Loan: —       |
| VCP RRL ABS I Ltd.                                   | VCP RRL ABS I Ltd., Series 2021-1A, Class A                                               | CUSIP: 92243RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    115611 | PA      | $108012.27    | 0.01%             | 2031-10-20      | Fixed         | 2.15%                 | Yes           |                  2 | On Loan: No      |
| FMC GMSR Issuer Trust                                | FMC GMSR Issuer Trust, Series 2020-GT1, Class A                                           | CUSIP: 30259RAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1478231.10   | 0.13%             | 2028-01-25      | Variable      | 4.45%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                     | OneMain Financial Issuance Trust, Series 2022-2A, Class B                                 | CUSIP: 68268VAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4415000 | PA      | $4420551.86   | 0.39%             | 2034-10-14      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Cloud Capital Holdco LP                              | Cloud Capital Holdco LP, Series 2024-1A, Class A2                                         | CUSIP: 102104AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3967986 | PA      | $3971484.18   | 0.35%             | 2049-11-22      | Fixed         | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Intact Financial Corp.                               | Intact Financial Corp.                                                                    | CUSIP: 45823TAL0<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | DBT              | CORP              | CA        |   3940000 | PA      | $4011344.89   | 0.35%             | 2032-09-22      | Fixed         | 5.46%                 | Yes           |                  2 | On Loan: No      |
| CaixaBank SA                                         | CaixaBank SA                                                                              | CUSIP: 12803RAL8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   5842000 | PA      | $5851001.35   | 0.51%             | 2031-07-03      | Variable      | 4.88%                 | Yes           |                  2 | On Loan: —       |
| GNMA                                                 | GNMA, Series 2011-H11, Class FA                                                           | CUSIP: 38375BLN0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9610 | PA      | $9659.36      | 0.00%             | 2061-03-20      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                | NextEra Energy Capital Holdings, Inc.                                                     | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2416000 | PA      | $2428417.56   | 0.21%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Oceanview Mortgage Loan Trust                        | Oceanview Mortgage Loan Trust, Series 2020-1, Class A1A                                   | CUSIP: 676477AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107356 | PA      | $102072.35    | 0.01%             | 2050-05-28      | Variable      | 1.73%                 | Yes           |                  2 | On Loan: No      |
| Global Atlantic Fin Co.                              | Global Atlantic Fin Co.                                                                   | CUSIP: 37959GAB3<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   1935000 | PA      | $1696921.37   | 0.15%             | 2031-06-15      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2024-43, Class FB                                                            | CUSIP: 38384KNV9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    450658 | PA      | $451967.23    | 0.04%             | 2054-03-20      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust                         | JW Commercial Mortgage Trust, Series 2024-MRCO, Class B                                   | CUSIP: 46657XAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    936000 | PA      | $937321.63    | 0.08%             | 2039-06-15      | Floating      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                            | Towd Point Mortgage Trust, Series 2025-HE2, Class A1A                                     | CUSIP: 89183PAA4<br>LEI: 254900HCCXAYNB40M417 | Long             | ABS-O            | CORP              | US        |   2859970 | PA      | $2863107.37   | 0.25%             | 2065-09-25      | Floating      | 5.01%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                         | BX Commercial Mortgage Trust, Series 2021-MC, Class A                                     | CUSIP: 05608GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1097322.82   | 0.10%             | 2034-04-15      | Floating      | 4.49%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                    | Wells Fargo & Co.                                                                         | CUSIP: 95000U4D2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3031000 | PA      | $3004613.66   | 0.26%             | 2030-01-23      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| JDE Peet's NV                                        | JDE Peet's NV                                                                             | CUSIP: 47216QAB9<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |   4381000 | PA      | $4273473.00   | 0.37%             | 2027-01-15      | Fixed         | 1.38%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31384VYU0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        95 | PA      | $98.43        | 0.00%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Loanpal Solar Loan Ltd.                              | Loanpal Solar Loan Ltd., Series 2021-2GS, Class A                                         | CUSIP: 53948QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    986991 | PA      | $779620.96    | 0.07%             | 2048-03-20      | Fixed         | 2.22%                 | Yes           |                  2 | On Loan: No      |
| Delta Air Lines, Inc.                                | Delta Air Lines, Inc.                                                                     | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6823550 | PA      | $6816139.85   | 0.60%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC                                                                                     | CUSIP: 31300LTA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     65391 | PA      | $67270.57     | 0.01%             | 2036-01-01      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| FS Commercial Mortgage Trust                         | FS Commercial Mortgage Trust, Series 2023-4SZN, Class A                                   | CUSIP: 30334RAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    920000 | PA      | $929067.15    | 0.08%             | 2039-11-10      | Fixed         | 7.07%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                        | UMBS, Single Family, 30 Year                                                              | CUSIP: 01F052649<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |   -436000 | PA      | $-437890.47   | -0.04%            | 2056-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                                      | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2023000 | PA      | $2048091.13   | 0.18%             | 2028-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: —       |
| Hyundai Capital America                              | Hyundai Capital America                                                                   | CUSIP: 44891AEA1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4182000 | PA      | $4113928.29   | 0.36%             | 2030-09-18      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Stream Innovations Issuer Trust                      | Stream Innovations Issuer Trust, Series 2024-1A, Class A                                  | CUSIP: 86324CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    208827 | PA      | $215170.65    | 0.02%             | 2044-07-15      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Capital America                              | Hyundai Capital America                                                                   | CUSIP: 44891AEE3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2093000 | PA      | $2056597.69   | 0.18%             | 2031-01-08      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| Athene Global Funding                                | Athene Global Funding                                                                     | CUSIP: 04685A3X7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1648000 | PA      | $1657699.93   | 0.15%             | 2027-07-09      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                             | Ajax Mortgage Loan Trust, Series 2020-B, Class A1                                         | CUSIP: 00969YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    303572 | PA      | $290213.25    | 0.03%             | 2059-05-25      | Variable      | 1.70%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC                                                                                     | CUSIP: 31300LTB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     91014 | PA      | $93944.99     | 0.01%             | 2037-03-01      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                            | Bank of Nova Scotia (The)                                                                 | CUSIP: 06418GAZ0<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   4877000 | PA      | $4809715.25   | 0.42%             | 2034-02-02      | Variable      | 4.81%                 | No            |                  2 | On Loan: No      |
| ELFI Graduate Loan Program LLC                       | ELFI Graduate Loan Program LLC, Series 2021-A, Class A                                    | CUSIP: 28628BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    857591 | PA      | $776317.63    | 0.07%             | 2046-12-26      | Fixed         | 1.53%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CCR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9124000 | PA      | $8556957.63   | 0.75%             | 2028-07-31      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5410, Class FD                                                       | CUSIP: 3137HCUE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2254916 | PA      | $2272100.48   | 0.20%             | 2054-05-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                     | OneMain Financial Issuance Trust, Series 2019-2A, Class C                                 | CUSIP: 68269BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    695000 | PA      | $672319.93    | 0.06%             | 2036-10-14      | Fixed         | 3.66%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31390HG33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1131 | PA      | $1179.16      | 0.00%             | 2032-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31384WMS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2892 | PA      | $2990.71      | 0.00%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Falcon Aerospace Ltd.                                | Falcon Aerospace Ltd., Series 2019-1, Class A                                             | CUSIP: 30610GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    261084 | PA      | $260086.91    | 0.02%             | 2039-09-15      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                                 | Royal Bank of Canada                                                                      | CUSIP: 78017DAH1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2366000 | PA      | $2392187.03   | 0.21%             | 2031-05-02      | Variable      | 4.97%                 | No            |                  2 | On Loan: —       |
| Subway Funding LLC                                   | Subway Funding LLC, Series 2024-3A, Class A2II                                            | CUSIP: 864300AJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    493750 | PA      | $487657.08    | 0.04%             | 2054-07-30      | Fixed         | 5.57%                 | Yes           |                  2 | On Loan: No      |
| HSBC USA, Inc.                                       | HSBC USA, Inc.                                                                            | CUSIP: 40428HR95<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |    645000 | PA      | $649126.59    | 0.06%             | 2028-06-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 912828YB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1787000 | PA      | $1663271.19   | 0.15%             | 2029-08-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                       | ACM Auto Trust, Series 2025-1A, Class A                                                   | CUSIP: 00161EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89803 | PA      | $89801.26     | 0.01%             | 2029-06-20      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5443, Class FA                                                       | CUSIP: 3137HDXH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2173787 | PA      | $2188906.38   | 0.19%             | 2054-08-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| BFLD Commercial Mortgage Trust                       | BFLD Commercial Mortgage Trust, Series 2025-660F, Class A                                 | CUSIP: 05556QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2555000 | PA      | $2555795.12   | 0.22%             | 2042-11-15      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                           | J.P. Morgan Mortgage Trust, Series 2025-HE3, Class A1                                     | CUSIP: 46660CAA5<br>LEI: 529900FDW9QWEZPAFE21 | Long             | ABS-O            | CORP              | US        |   2235184 | PA      | $2238423.07   | 0.20%             | 2056-03-20      | Floating      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| Marlette Funding Trust                               | Marlette Funding Trust, Series 2025-1A, Class B                                           | CUSIP: 570920AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2245000 | PA      | $2248820.54   | 0.20%             | 2035-07-16      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                   | LPL Holdings, Inc.                                                                        | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   2131000 | PA      | $2070847.03   | 0.18%             | 2029-03-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5397, Class AF                                                       | CUSIP: 3137HCEA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1793025 | PA      | $1800310.42   | 0.16%             | 2054-04-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                        | Lendbuzz Securitization Trust, Series 2024-1A, Class A2                                   | CUSIP: 525935AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330150 | PA      | $331689.54    | 0.03%             | 2029-08-15      | Fixed         | 6.19%                 | Yes           |                  2 | On Loan: No      |
| Reach ABS Trust                                      | Reach ABS Trust, Series 2024-2A, Class A                                                  | CUSIP: 75525HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     49952 | PA      | $50056.43     | 0.00%             | 2031-07-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2024-93, Class FD                                                     | CUSIP: 3136BTK28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1840090 | PA      | $1843086.07   | 0.16%             | 2054-12-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2024-73, Class FA                                                     | CUSIP: 3136BTBC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    906527 | PA      | $909623.30    | 0.08%             | 2054-10-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust              | Saluda Grade Alternative Mortgage Trust, Series 2023-SEQ3, Class A2                       | CUSIP: 79582GAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5829000 | PA      | $5934932.17   | 0.52%             | 2053-06-01      | Variable      | 6.89%                 | Yes           |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Mortgage Trust             | Fontainebleau Miami Beach Mortgage Trust, Series 2024-FBLU, Class B                       | CUSIP: 34461WAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2195000 | PA      | $2198379.42   | 0.19%             | 2039-12-15      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Tesla Lease Electric Vehicle Securitization LLC      | Tesla Lease Electric Vehicle Securitization LLC, Series 2025-A, Class A3                  | CUSIP: 88162VAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2205000 | PA      | $2207426.82   | 0.19%             | 2028-11-20      | Fixed         | 4.27%                 | Yes           |                  2 | On Loan: No      |
| Jefferies Financial Group, Inc.                      | Jefferies Financial Group, Inc.                                                           | CUSIP: 47233JBH0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   3179000 | PA      | $3066153.96   | 0.27%             | 2030-01-23      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PRMI Securitization Trust                            | PRMI Securitization Trust, Series 2025-CMG1, Class A1                                     | CUSIP: 74291CAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1683452 | PA      | $1686368.69   | 0.15%             | 2055-12-25      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                            | Vistra Operations Co. LLC                                                                 | CUSIP: 92840VAX0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   3836000 | PA      | $3792252.72   | 0.33%             | 2028-10-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Auxilior Term Funding LLC                            | Auxilior Term Funding LLC, Series 2023-1A, Class A2                                       | CUSIP: 05335JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     83737 | PA      | $83923.06     | 0.01%             | 2028-12-15      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| PRM5 Trust                                           | PRM5 Trust, Series 2025-PRM5, Class D                                                     | CUSIP: 693980AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $595613.52    | 0.05%             | 2033-03-10      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| PNMAC GMSR Issuer Trust                              | PNMAC GMSR Issuer Trust, Series 2025-GT1, Class A                                         | CUSIP: 69354WAK2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1885000 | PA      | $1889994.87   | 0.17%             | 2030-08-26      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| AGL CLO 13 Ltd.                                      | AGL CLO 13 Ltd., Series 2021-13A, Class CR                                                | CUSIP: 00120JAQ6<br>LEI: 254900DIJ0G5TXNJMM06 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1989312.00   | 0.17%             | 2034-10-20      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| CI Financial Corp.                                   | CI Financial Corp.                                                                        | CUSIP: 125491AT7<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |   4851000 | PA      | $5093208.00   | 0.45%             | 2029-05-30      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: —       |
| Research-Driven Pagaya Motor Asset Trust             | Research-Driven Pagaya Motor Asset Trust, Series 2025-4A, Class A2                        | CUSIP: 76089MAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    930000 | PA      | $933094.67    | 0.08%             | 2034-04-25      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| STAR Trust                                           | STAR Trust, Series 2025-SFR5, Class A                                                     | CUSIP: 85520CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1277314 | PA      | $1277627.67   | 0.11%             | 2042-02-17      | Floating      | 5.13%                 | Yes           |                  2 | On Loan: No      |
| STAR Trust                                           | STAR Trust, Series 2026-SFR7, Class A                                                     | CUSIP: 85520GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1430000 | PA      | $1432912.39   | 0.13%             | 2043-05-17      | Floating      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| ORL Trust                                            | ORL Trust, Series 2024-GLKS, Class B                                                      | CUSIP: 67120DAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2642000 | PA      | $2647760.62   | 0.23%             | 2039-12-15      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak SB Commercial Mortgage Trust               | Angel Oak SB Commercial Mortgage Trust, Series 2020-SBC1, Class A1                        | CUSIP: 03465BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    172367 | PA      | $168363.89    | 0.01%             | 2050-05-25      | Variable      | 2.07%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2024-22, Class FG                                                     | CUSIP: 3136BRK89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    520685 | PA      | $523849.61    | 0.05%             | 2054-05-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| NatWest Group plc                                    | NatWest Group plc                                                                         | CUSIP: 639057AV0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   7780000 | PA      | $7860294.50   | 0.69%             | 2031-05-23      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                 | Charter Communications Operating LLC                                                      | CUSIP: 161175CR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1362000 | PA      | $1414775.24   | 0.12%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| PK Alift Loan Funding 3 LP                           | PK Alift Loan Funding 3 LP, Series 2024-1, Class A1                                       | CUSIP: 69291VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245003 | PA      | $249438.98    | 0.02%             | 2039-09-15      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| NRM FNT1 Excess LLC                                  | NRM FNT1 Excess LLC, Series 2024-FNT1, Class A                                            | CUSIP: 62956YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260121 | PA      | $261564.08    | 0.02%             | 2031-11-25      | Variable      | 7.40%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2023-101, Class FM                                                           | CUSIP: 38384CBT5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1429314 | PA      | $1433189.01   | 0.13%             | 2053-07-20      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Enact Holdings, Inc.                                 | Enact Holdings, Inc.                                                                      | CUSIP: 29249EAA7<br>LEI: 9845003CA5664B741N19 | Long             | DBT              | CORP              | US        |   2420000 | PA      | $2491695.33   | 0.22%             | 2029-05-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust             | Research-Driven Pagaya Motor Asset Trust, Series 2025-1A, Class B                         | CUSIP: 76089YAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1035590 | PA      | $1038926.91   | 0.09%             | 2033-06-27      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| AIB Group plc                                        | AIB Group plc                                                                             | CUSIP: 00135TAD6<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |   4214000 | PA      | $4411318.53   | 0.39%             | 2029-09-13      | Variable      | 6.61%                 | Yes           |                  2 | On Loan: —       |
| Raizen Fuels Finance SA                              | Raizen Fuels Finance SA                                                                   | CUSIP: 75102XAF3<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |   1501000 | PA      | $833055.00    | 0.07%             | 2032-07-08      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                 | GNMA I, 30 Year                                                                           | CUSIP: 36241LCE4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |         5 | PA      | $4.95         | 0.00%             | 2030-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2025-75, Class FA                                                     | CUSIP: 3136BXHG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1857692 | PA      | $1862776.09   | 0.16%             | 2055-09-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5529, Class AF                                                       | CUSIP: 3137HKU51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    844538 | PA      | $847979.72    | 0.07%             | 2055-03-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| NJ                                                   | NJ, Series 2025-WBRK, Class C                                                             | CUSIP: 65486BAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    540000 | PA      | $544327.29    | 0.05%             | 2035-03-05      | Variable      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| FIGRE Trust                                          | FIGRE Trust, Series 2025-FL2, Class A1                                                    | CUSIP: 31684TAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1024851 | PA      | $1022272.56   | 0.09%             | 2055-11-25      | Variable      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CKT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4751000 | PA      | $4843792.97   | 0.42%             | 2029-05-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5461, Class FA                                                       | CUSIP: 3137HFW84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2369478 | PA      | $2374823.19   | 0.21%             | 2054-10-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                           | J.P. Morgan Mortgage Trust, Series 2023-HE2, Class A1                                     | CUSIP: 46657FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    373601 | PA      | $374570.13    | 0.03%             | 2054-03-20      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| Mosaic Solar Loan Trust                              | Mosaic Solar Loan Trust, Series 2021-1A, Class B                                          | CUSIP: 61947DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    606380 | PA      | $475328.53    | 0.04%             | 2046-12-20      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5438, Class FE                                                       | CUSIP: 3137HFDN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    730014 | PA      | $734550.83    | 0.06%             | 2054-08-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                     | Deutsche Bank AG                                                                          | CUSIP: 25160PAQ0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   4652000 | PA      | $4707095.59   | 0.41%             | 2029-01-10      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                            | Ford Motor Credit Co. LLC                                                                 | CUSIP: 345397H48<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    888000 | PA      | $887468.92    | 0.08%             | 2030-09-05      | Fixed         | 5.73%                 | No            |                  2 | On Loan: —       |
| Antares Holdings LP                                  | Antares Holdings LP                                                                       | CUSIP: 03666HAE1<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |   2089000 | PA      | $2030883.87   | 0.18%             | 2027-07-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                 | FNMA, REMIC, Series 2024-95, Class FA                                                     | CUSIP: 3136BTP31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3339512 | PA      | $3360981.34   | 0.29%             | 2054-12-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CHJ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7334000 | PA      | $7288019.27   | 0.64%             | 2030-06-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Subway Funding LLC                                   | Subway Funding LLC, Series 2024-3A, Class A2I                                             | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1509408 | PA      | $1492552.15   | 0.13%             | 2054-07-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Air Canada                                           | Air Canada                                                                                | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |   3836000 | PA      | $3819066.36   | 0.33%             | 2026-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| Imola Merger Corp.                                   | Imola Merger Corp.                                                                        | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3248000 | PA      | $3159000.58   | 0.28%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust              | Saluda Grade Alternative Mortgage Trust, Series 2025-LOC5, Class A1A                      | CUSIP: 79581XAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2814601 | PA      | $2829859.96   | 0.25%             | 2055-10-25      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| KeyBank NA                                           | KeyBank NA                                                                                | CUSIP: 49327M3F9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   1756000 | PA      | $1793323.39   | 0.16%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: —       |
| N/A                                                  | U.S. Treasury 10 Year Notes                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -496 | NC      | $1058060.54   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Marlette Funding Trust                               | Marlette Funding Trust, Series 2025-1A, Class C                                           | CUSIP: 570920AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    753000 | PA      | $753925.66    | 0.07%             | 2035-07-16      | Fixed         | 5.26%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 3138EGTR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10914 | PA      | $11464.74     | 0.00%             | 2037-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Durst Commercial Mortgage Trust                      | Durst Commercial Mortgage Trust, Series 2025-151, Class C                                 | CUSIP: 266895AE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    995000 | PA      | $1003655.70   | 0.09%             | 2042-08-10      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| FOCUS Brands Funding LLC                             | FOCUS Brands Funding LLC, Series 2017-1A, Class A2II                                      | CUSIP: 34417MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2233800 | PA      | $2223811.79   | 0.19%             | 2047-04-30      | Fixed         | 5.09%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CDP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1036000 | PA      | $970501.32    | 0.08%             | 2028-12-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31390ABQ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2382 | PA      | $2475.17      | 0.00%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Amur Equipment Finance Receivables XII LLC           | Amur Equipment Finance Receivables XII LLC, Series 2023-1A, Class A2                      | CUSIP: 03236YAB1<br>LEI: 5493000K1GV1VHEHGY40 | Long             | ABS-O            | CORP              | US        |    105133 | PA      | $105760.43    | 0.01%             | 2029-12-20      | Fixed         | 6.09%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31418FED5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4265742 | PA      | $4293413.32   | 0.38%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alterna Funding III LLC                              | Alterna Funding III LLC, Series 2024-1A, Class A                                          | CUSIP: 02157JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    648276 | PA      | $649091.99    | 0.06%             | 2039-05-16      | Fixed         | 6.26%                 | Yes           |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                        | Lendbuzz Securitization Trust, Series 2024-3A, Class A2                                   | CUSIP: 52609YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197938 | PA      | $198131.39    | 0.02%             | 2029-10-15      | Fixed         | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Phantom Aviation                                     | Phantom Aviation, Series 2026-1A, Class A                                                 | CUSIP: 71711GAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2428564 | PA      | $2387041.14   | 0.21%             | 2051-01-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5378, Class FA                                                       | CUSIP: 3137HBKC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1547836 | PA      | $1550241.47   | 0.14%             | 2054-02-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Home RE Ltd.                                         | Home RE Ltd., Series 2021-2, Class B1                                                     | CUSIP: 43730VAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   1005000 | PA      | $1027300.75   | 0.09%             | 2034-01-25      | Floating      | 7.81%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                        | UMBS, Single Family, 30 Year                                                              | CUSIP: 01F042640<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5125000 | PA      | $4943222.91   | 0.43%             | 2056-04-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SDR Commercial Mortgage Trust                        | SDR Commercial Mortgage Trust, Series 2024-DSNY, Class B                                  | CUSIP: 811304AE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    437000 | PA      | $436857.10    | 0.04%             | 2039-05-15      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| INTOWN Mortgage Trust                                | INTOWN Mortgage Trust, Series 2025-STAY, Class C                                          | CUSIP: 46117WAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2181000 | PA      | $2181242.09   | 0.19%             | 2042-03-15      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| NYO Commercial Mortgage Trust                        | NYO Commercial Mortgage Trust, Series 2021-1290, Class A1                                 | CUSIP: 62955HAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2035000 | PA      | $2034244.00   | 0.18%             | 2038-11-15      | Floating      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2025-134, Class FL                                                           | CUSIP: 38381UEK4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1127805 | PA      | $1130796.56   | 0.10%             | 2055-06-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC                                                                                     | CUSIP: 31300LBF1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     67245 | PA      | $69352.07     | 0.01%             | 2038-07-01      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| SoFi Consumer Loan Program Trust                     | SoFi Consumer Loan Program Trust, Series 2025-4, Class B                                  | CUSIP: 83405UAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2993379.00   | 0.26%             | 2035-08-25      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| BOCA Commercial Mortgage Trust                       | BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class A                                 | CUSIP: 05619RAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1557000 | PA      | $1560531.74   | 0.14%             | 2042-12-15      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| RCKT Trust                                           | RCKT Trust, Series 2025-1A, Class C                                                       | CUSIP: 74939RAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1690000 | PA      | $1691437.85   | 0.15%             | 2034-07-25      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Fortitude Group Holdings LLC                         | Fortitude Group Holdings LLC                                                              | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |   3798000 | PA      | $3869819.61   | 0.34%             | 2030-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC Gold Pool, 30 Year                                                                  | CUSIP: 3128M7S49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1933 | PA      | $2023.09      | 0.00%             | 2032-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                   | Banco Santander SA                                                                        | CUSIP: 05964HAU9<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   3850000 | PA      | $3944222.63   | 0.35%             | 2028-08-08      | Fixed         | 5.59%                 | No            |                  2 | On Loan: —       |
| Hyundai Capital America                              | Hyundai Capital America                                                                   | CUSIP: 44891ADV6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2289000 | PA      | $2299321.70   | 0.20%             | 2028-06-23      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| CSMC Trust                                           | CSMC Trust, Series 2022-RPL4, Class A1                                                    | CUSIP: 12663TAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1119049 | PA      | $1079697.31   | 0.09%             | 2062-04-25      | Variable      | 3.90%                 | Yes           |                  2 | On Loan: No      |
| Citadel Securities Global Holdings LLC               | Citadel Securities Global Holdings LLC                                                    | CUSIP: 17289RAA4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |   4016000 | PA      | $4081938.78   | 0.36%             | 2030-06-18      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: —       |
| FHLMC                                                | FHLMC                                                                                     | CUSIP: 3128S5PL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     32239 | PA      | $33289.69     | 0.00%             | 2038-06-01      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners ABS Funding Ltd.              | Golub Capital Partners ABS Funding Ltd., Series 2020-1A, Class A2                         | CUSIP: 38177UAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    293667 | PA      | $284124.86    | 0.02%             | 2029-01-22      | Fixed         | 3.21%                 | Yes           |                  2 | On Loan: No      |
| CFMT LLC                                             | CFMT LLC, Series 2023-HB12, Class M1                                                      | CUSIP: 12530QAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2025000 | PA      | $2011952.32   | 0.18%             | 2033-04-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| ALTDE Trust                                          | ALTDE Trust, Series 2025-1A, Class A                                                      | CUSIP: 00166NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    713700 | PA      | $719477.94    | 0.06%             | 2050-08-15      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Avient Corp.                                         | Avient Corp.                                                                              | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |   1814000 | PA      | $1844533.25   | 0.16%             | 2030-08-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: —       |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CHM6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1183000 | PA      | $1185568.30   | 0.10%             | 2026-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Pinnacle Bank                                        | Pinnacle Bank                                                                             | CUSIP: 87164DVJ6<br>LEI: 549300CDOC4F7XSRG390 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2356904.39   | 0.21%             | 2028-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loan Trust                              | Mosaic Solar Loan Trust, Series 2019-2A, Class B                                          | CUSIP: 61945LAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1265958 | PA      | $1131317.46   | 0.10%             | 2040-09-20      | Fixed         | 3.28%                 | Yes           |                  2 | On Loan: No      |
| PNMAC GMSR Issuer Trust                              | PNMAC GMSR Issuer Trust, Series 2024-GT1, Class A                                         | CUSIP: 69354WAJ5<br>LEI: 5493007JEN3QN6CZC711 | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $702098.74    | 0.06%             | 2029-03-25      | Floating      | 6.88%                 | Yes           |                  2 | On Loan: No      |
| A/S Mileage Plan IP Ltd.                             | A/S Mileage Plan IP Ltd.                                                                  | CUSIP: 00218QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1245000 | PA      | $1232880.50   | 0.11%             | 2029-10-20      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: —       |
| FHLMC                                                | FHLMC Gold Pool, 30 Year                                                                  | CUSIP: 3128M7S56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2227 | PA      | $2341.05      | 0.00%             | 2031-08-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2025-2, Class FB                                                             | CUSIP: 38385BP53<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1235037 | PA      | $1243949.02   | 0.11%             | 2054-12-20      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Oportun Issuance Trust                               | Oportun Issuance Trust, Series 2025-C, Class B                                            | CUSIP: 68378RAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1590000 | PA      | $1585684.58   | 0.14%             | 2033-07-08      | Fixed         | 4.93%                 | Yes           |                  2 | On Loan: No      |
| OBX Trust                                            | OBX Trust, Series 2025-HE1, Class A1                                                      | CUSIP: 67121CAA4<br>LEI: 2549002GJHC7CO92J583 | Long             | ABS-O            | CORP              | US        |   1900654 | PA      | $1907948.70   | 0.17%             | 2055-02-25      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-4433.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                        | Lendbuzz Securitization Trust, Series 2025-2A, Class A2                                   | CUSIP: 52611JAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1884341 | PA      | $1891554.54   | 0.17%             | 2030-05-15      | Fixed         | 5.18%                 | Yes           |                  2 | On Loan: No      |
| Bank of New York Mellon (The)                        | Bank of New York Mellon (The)                                                             | CUSIP: 06405LAH4<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   1388000 | PA      | $1398067.50   | 0.12%             | 2029-04-20      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CJK8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1350000 | PA      | $1356969.81   | 0.12%             | 2026-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                       | Blackstone Private Credit Fund                                                            | CUSIP: 09261HAD9<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   3667000 | PA      | $3588406.33   | 0.31%             | 2026-12-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| UWM Holdings LLC                                     | UWM Holdings LLC                                                                          | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2032000 | PA      | $1852219.82   | 0.16%             | 2031-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| STAR Trust                                           | STAR Trust, Series 2025-SFR6, Class B                                                     | CUSIP: 85520EAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1129000 | PA      | $1129613.61   | 0.10%             | 2042-08-17      | Floating      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| PNW Trust                                            | PNW Trust, Series 2026-ARTE, Class A                                                      | CUSIP: 73020TAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1710000 | PA      | $1708366.44   | 0.15%             | 2029-04-15      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes                       | Chase Auto Credit Linked Notes, Series 2025-1, Class B                                    | CUSIP: 46591HCS7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1886465 | PA      | $1894199.86   | 0.17%             | 2033-02-25      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                  | New Residential Mortgage Loan Trust, Series 2019-1A, Class A1                             | CUSIP: 64830CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130747 | PA      | $123110.44    | 0.01%             | 2057-09-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes                       | Chase Auto Credit Linked Notes, Series 2025-1, Class C                                    | CUSIP: 46591HCT5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    528210 | PA      | $530240.32    | 0.05%             | 2033-02-25      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust                         | JW Commercial Mortgage Trust, Series 2024-MRCO, Class A                                   | CUSIP: 46657XAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2066000 | PA      | $2068451.93   | 0.18%             | 2039-06-15      | Floating      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| Oaktree Strategic Credit Fund                        | Oaktree Strategic Credit Fund                                                             | CUSIP: 67403AAE9<br>LEI: 2549006RRE0JC7G43241 | Long             | DBT              | CORP              | US        |    661000 | PA      | $662921.50    | 0.06%             | 2029-07-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GSJP Trust                                           | GSJP Trust, Series 2025-BEDS, Class A                                                     | CUSIP: 362946AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2002000 | PA      | $1992472.48   | 0.17%             | 2042-12-15      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                  | New Residential Mortgage Loan Trust, Series 2015-2A, Class A1                             | CUSIP: 64829EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     48075 | PA      | $46839.04     | 0.00%             | 2055-08-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| FIGRE Trust                                          | FIGRE Trust, Series 2026-FL1, Class A1                                                    | CUSIP: 31684XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1720000 | PA      | $1724989.58   | 0.15%             | 2056-03-25      | Variable      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| BAMLL Trust                                          | BAMLL Trust, Series 2024-BHP, Class B                                                     | CUSIP: 05493WAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    770000 | PA      | $772250.71    | 0.07%             | 2039-08-15      | Floating      | 6.57%                 | Yes           |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                           | LAD Auto Receivables Trust, Series 2024-1A, Class A3                                      | CUSIP: 501689AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23390 | PA      | $23398.13     | 0.00%             | 2028-01-18      | Fixed         | 5.23%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2023-183, Class FQ                                                           | CUSIP: 38384HBX5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2064725 | PA      | $2062778.07   | 0.18%             | 2053-12-20      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CPN5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6735000 | PA      | $6611612.71   | 0.58%             | 2030-11-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CCY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    288000 | PA      | $270511.87    | 0.02%             | 2028-09-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                          | Extended Stay America Trust, Series 2026-ESH2, Class C                                    | CUSIP: 30227WAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1253209 | PA      | $1257259.49   | 0.11%             | 2043-02-15      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| Castlelake Aircraft Structured Trust                 | Castlelake Aircraft Structured Trust, Series 2025-2A, Class B                             | CUSIP: 14855XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1377812 | PA      | $1383574.78   | 0.12%             | 2050-08-15      | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| COMM Mortgage Trust                                  | COMM Mortgage Trust, Series 2025-167G, Class A                                            | CUSIP: 12674VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $997672.30    | 0.09%             | 2040-08-10      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury Long Bonds                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         5 | NC      | $-11267.16    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                  | Bank of New York Mellon Corp. (The)                                                       | CUSIP: 06406RCB1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1378199.51   | 0.12%             | 2031-02-11      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                               | Goldman Sachs Bank USA                                                                    | CUSIP: 38151LAG5<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |    841000 | PA      | $842064.70    | 0.07%             | 2027-05-21      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31380EJH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        21 | PA      | $21.35        | 0.00%             | 2028-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                              | American Airlines, Inc.                                                                   | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    329417 | PA      | $329871.29    | 0.03%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5402, Class FB                                                       | CUSIP: 3137HC3A8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    614018 | PA      | $617465.47    | 0.05%             | 2054-04-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Essent Group Ltd.                                    | Essent Group Ltd.                                                                         | CUSIP: 29669JAA7<br>LEI: 254900QUO860OUT6ZF83 | Long             | DBT              | CORP              | BM        |   4119000 | PA      | $4263152.15   | 0.37%             | 2029-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Uber Technologies, Inc.                              | Uber Technologies, Inc.                                                                   | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1658000 | PA      | $1644840.62   | 0.14%             | 2029-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2024-146, Class FE                                                           | CUSIP: 38384W3E3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1734846 | PA      | $1745099.09   | 0.15%             | 2064-09-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes              | Santander Bank Auto Credit-Linked Notes, Series 2025-A, Class C                           | CUSIP: 80290CCS1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    779975 | PA      | $781214.69    | 0.07%             | 2034-01-16      | Fixed         | 4.66%                 | Yes           |                  2 | On Loan: No      |
| Charles Schwab Corp. (The)                           | Charles Schwab Corp. (The)                                                                | CUSIP: 808513CK9<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   3779000 | PA      | $3738685.59   | 0.33%             | 2031-11-14      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| Capital Power US Holdings, Inc.                      | Capital Power US Holdings, Inc.                                                           | CUSIP: 14041TAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6352000 | PA      | $6390801.76   | 0.56%             | 2028-06-01      | Fixed         | 5.26%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                   | General Motors Financial Co., Inc.                                                        | CUSIP: 37045XEF9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1178000 | PA      | $1178114.90   | 0.10%             | 2026-04-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2023-46, Class FA                                                     | CUSIP: 3136BQLF4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2607241 | PA      | $2633844.69   | 0.23%             | 2053-10-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5400, Class FB                                                       | CUSIP: 3137HC3J9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1816472 | PA      | $1825276.94   | 0.16%             | 2054-04-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                                      | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2012000 | PA      | $2040435.62   | 0.18%             | 2030-01-23      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                           | UMBS Pool, 30 Year                                                                        | CUSIP: 3132DWNK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3521405 | PA      | $3542047.39   | 0.31%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                    | Clarios Global LP                                                                         | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1954000 | PA      | $1999342.57   | 0.17%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Hawaii Hotel Trust                                   | Hawaii Hotel Trust, Series 2025-MAUI, Class A                                             | CUSIP: 419909AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    520000 | PA      | $520326.04    | 0.05%             | 2042-03-15      | Floating      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CHA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9756000 | PA      | $9695406.07   | 0.85%             | 2028-04-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                      | Wingspire Equipment Finance LLC, Series 2024-1A, Class A2                                 | CUSIP: 97415AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200537 | PA      | $201470.39    | 0.02%             | 2032-09-20      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 912828YS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1004000 | PA      | $933327.82    | 0.08%             | 2029-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: —       |
| FIGRE Trust                                          | FIGRE Trust, Series 2025-FL1, Class A3                                                    | CUSIP: 31684QAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1686483 | PA      | $1688173.48   | 0.15%             | 2055-07-25      | Variable      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| Rocket Mortgage LLC                                  | Rocket Mortgage LLC                                                                       | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4945000 | PA      | $4685720.30   | 0.41%             | 2029-03-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: —       |
| MACH 1 Cayman Ltd.                                   | MACH 1 Cayman Ltd., Series 2019-1, Class A                                                | CUSIP: 55446MAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     80459 | PA      | $79802.15     | 0.01%             | 2039-10-15      | Fixed         | 3.47%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2024-63, Class FH                                                     | CUSIP: 3136BSQY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1512330 | PA      | $1520769.72   | 0.13%             | 2054-09-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Oportun Issuance Trust                               | Oportun Issuance Trust, Series 2025-C, Class C                                            | CUSIP: 68378RAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2770000 | PA      | $2761560.09   | 0.24%             | 2033-07-08      | Fixed         | 5.18%                 | Yes           |                  2 | On Loan: No      |
| Service Experts Issuer LLC                           | Service Experts Issuer LLC, Series 2025-1A, Class A                                       | CUSIP: 81758JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1783656 | PA      | $1779490.24   | 0.16%             | 2037-01-20      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CLS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2270000 | PA      | $2274119.64   | 0.20%             | 2026-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Newtek Small Business Loan Trust                     | Newtek Small Business Loan Trust, Series 2023-1, Class A                                  | CUSIP: 65254RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    382222 | PA      | $386136.67    | 0.03%             | 2050-07-25      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2024-160, Class FT                                                           | CUSIP: 38384YQU8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    537920 | PA      | $539405.18    | 0.05%             | 2054-10-20      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| ECMC Group Student Loan Trust                        | ECMC Group Student Loan Trust, Series 2020-3A, Class A1B                                  | CUSIP: 26833BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    386456 | PA      | $387619.89    | 0.03%             | 2070-01-27      | Floating      | 4.78%                 | Yes           |                  2 | On Loan: No      |
| Driven Brands Funding LLC                            | Driven Brands Funding LLC, Series 2020-2A, Class A2                                       | CUSIP: 26209XAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4105603 | PA      | $3855444.93   | 0.34%             | 2051-01-20      | Fixed         | 3.24%                 | Yes           |                  2 | On Loan: No      |
| NRZ Excess Spread-Collateralized Notes               | NRZ Excess Spread-Collateralized Notes, Series 2021-GNT1, Class A                         | CUSIP: 65246QAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    321560 | PA      | $317311.66    | 0.03%             | 2026-11-25      | Fixed         | 3.47%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                         | Oracle Corp.                                                                              | CUSIP: 68389XDZ5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2922000 | PA      | $2810735.24   | 0.25%             | 2036-02-04      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                        | Centene Corp.                                                                             | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1666000 | PA      | $1552526.24   | 0.14%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte. Ltd.            | Seagate Data Storage Technology Pte. Ltd.                                                 | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   2269000 | PA      | $2523770.13   | 0.22%             | 2032-12-01      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Liberty Utilities Co.                                | Liberty Utilities Co.                                                                     | CUSIP: 531542AA6<br>LEI: 549300UN1FEYPC5BKW09 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2704147.32   | 0.24%             | 2029-01-31      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: —       |
| Marlette Funding Trust                               | Marlette Funding Trust, Series 2024-1A, Class C                                           | CUSIP: 57108VAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2226000 | PA      | $2243878.79   | 0.20%             | 2034-07-17      | Fixed         | 6.34%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2024-84, Class FJ                                                     | CUSIP: 3136BTUD3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4215877 | PA      | $4241382.64   | 0.37%             | 2054-11-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                                      | CUSIP: 46647PDX1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6405000 | PA      | $6656297.61   | 0.58%             | 2029-10-23      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                | Foundry JV Holdco LLC                                                                     | CUSIP: 350930AG8<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   4781000 | PA      | $4919435.05   | 0.43%             | 2033-01-25      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)             | PNC Financial Services Group, Inc. (The)                                                  | CUSIP: 693475BV6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1907000 | PA      | $1920303.94   | 0.17%             | 2028-01-21      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| ACHV ABS Trust                                       | ACHV ABS Trust, Series 2024-3AL, Class C                                                  | CUSIP: 00092KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     82902 | PA      | $83528.45     | 0.01%             | 2031-12-26      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Goddard Funding LLC                                  | Goddard Funding LLC, Series 2024-1A, Class A2                                             | CUSIP: 380241AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    649775 | PA      | $659399.99    | 0.06%             | 2054-10-30      | Fixed         | 6.83%                 | Yes           |                  2 | On Loan: No      |
| PNC Bank NA                                          | PNC Bank NA                                                                               | CUSIP: 69349LAS7<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1261287.30   | 0.11%             | 2029-10-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                              | GA Global Funding Trust                                                                   | CUSIP: 36143L2N4<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   1601000 | PA      | $1591359.72   | 0.14%             | 2027-09-23      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| Romania                                              | Romania Government Bond                                                                   | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |   2100000 | PA      | $2464525.18   | 0.22%             | 2032-07-11      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Willis North America, Inc.                           | Willis North America, Inc.                                                                | CUSIP: 970648AP6<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |   5468000 | PA      | $5392151.90   | 0.47%             | 2031-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: —       |
| Oracle Corp.                                         | Oracle Corp.                                                                              | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   6289000 | PA      | $5991183.52   | 0.52%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| Ally Bank Auto Credit-Linked Notes                   | Ally Bank Auto Credit-Linked Notes, Series 2025-B, Class A2                               | CUSIP: 02007G6N8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1535988 | PA      | $1537253.49   | 0.13%             | 2033-09-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Maple Parent Holdings Corp.                          | Maple Parent Holdings Corp.                                                               | CUSIP: 56530KAA4<br>LEI: 254900J6FBJ1E892Q074 | Long             | DBT              | CORP              | US        |   1740000 | PA      | $1740110.25   | 0.15%             | 2029-03-26      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Jefferies Financial Group, Inc.                      | Jefferies Financial Group, Inc.                                                           | CUSIP: 47233JGT9<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1375872.61   | 0.12%             | 2031-10-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: —       |
| GNMA                                                 | GNMA, Series 2012-H15, Class FA                                                           | CUSIP: 38375BUB6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        75 | PA      | $74.78        | 0.00%             | 2062-05-20      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Theorem Funding Trust                                | Theorem Funding Trust, Series 2022-3A, Class B                                            | CUSIP: 882925AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    529434 | PA      | $530017.51    | 0.05%             | 2029-04-15      | Fixed         | 8.95%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                      | Goldman Sachs Group, Inc. (The)                                                           | CUSIP: 38141GD76<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4706000 | PA      | $4701480.08   | 0.41%             | 2029-01-21      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $8875.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vontier Corp.                                        | Vontier Corp.                                                                             | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |   3544000 | PA      | $3544000.00   | 0.31%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Neighborly Issuer                                    | Neighborly Issuer LLC, Series 2023-1A, Class A2                                           | CUSIP: 64016NAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3540500 | PA      | $3554838.32   | 0.31%             | 2053-01-30      | Fixed         | 7.31%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                      | Goldman Sachs Group, Inc. (The)                                                           | CUSIP: 38141GD35<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2729000 | PA      | $2676401.75   | 0.23%             | 2031-10-21      | Variable      | 4.37%                 | No            |                  2 | On Loan: —       |
| ACM Auto Trust                                       | ACM Auto Trust, Series 2025-2A, Class A                                                   | CUSIP: 00161TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    760121 | PA      | $761208.69    | 0.07%             | 2028-06-20      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| HLTN Commercial Mortgage Trust                       | HLTN Commercial Mortgage Trust, Series 2024-DPLO, Class B                                 | CUSIP: 40424UAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $400578.96    | 0.04%             | 2041-06-15      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                        | UMBS, Single Family, 30 Year                                                              | CUSIP: 01F052649<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    436000 | PA      | $437890.47    | 0.04%             | 2056-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31416JAZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19749 | PA      | $20665.74     | 0.00%             | 2037-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5556, Class FA                                                       | CUSIP: 3137HMBS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2027023 | PA      | $2033391.96   | 0.18%             | 2055-07-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Neighborly Issuer LLC                                | Neighborly Issuer LLC, Series 2021-1A, Class A2                                           | CUSIP: 64016NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1233488 | PA      | $1183282.96   | 0.10%             | 2051-04-30      | Fixed         | 3.58%                 | Yes           |                  2 | On Loan: No      |
| STAR Trust                                           | STAR Trust, Series 2021-SFR2, Class F                                                     | CUSIP: 78474LAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    236247 | PA      | $236457.10    | 0.02%             | 2039-01-17      | Floating      | 6.64%                 | Yes           |                  2 | On Loan: No      |
| Jefferies Financial Group, Inc.                      | Jefferies Financial Group, Inc.                                                           | CUSIP: 47233JDX3<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   1344000 | PA      | $1139956.89   | 0.10%             | 2032-10-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Bridge Trust                                         | Bridge Trust, Series 2025-SFR1, Class C                                                   | CUSIP: 10807GAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    748842 | PA      | $705114.34    | 0.06%             | 2042-09-17      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp.                         | Blue Owl Credit Income Corp.                                                              | CUSIP: 09581CAB7<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   2098000 | PA      | $2091060.99   | 0.18%             | 2029-09-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                   | Ally Bank Auto Credit-Linked Notes, Series 2025-B, Class B                                | CUSIP: 02007G6P3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1897152 | PA      | $1900817.10   | 0.17%             | 2033-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |  87075535 | NS      | $87075535.34  | 7.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Nykredit Realkredit A/S                              | Nykredit Realkredit A/S, Series 01E                                                       | CUSIP: N/A<br>LEI: LIU16F6VZJSD6UKHD557       | Long             | DBT              | CORP              | DK        | 100000000 | PA      | $14612386.31  | 1.28%             | 2056-10-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Smithfield Foods, Inc.                               | Smithfield Foods, Inc.                                                                    | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |   6524000 | PA      | $6494091.70   | 0.57%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |  16155782 | NS      | $16155782.50  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BFLD Commercial Mortgage Trust                       | BFLD Commercial Mortgage Trust, Series 2025-660F, Class B                                 | CUSIP: 05556QAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    865000 | PA      | $864461.97    | 0.08%             | 2042-11-15      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                    | GLS Auto Select Receivables Trust, Series 2024-1A, Class A2                               | CUSIP: 37988XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    269333 | PA      | $270878.70    | 0.02%             | 2030-03-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                | Mission Lane Credit Card Master Trust, Series 2025-C, Class A                             | CUSIP: 60510MCA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1599444.64   | 0.14%             | 2030-12-16      | Fixed         | 4.78%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                           | UMBS Pool, 30 Year                                                                        | CUSIP: 3142J6BT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5289320 | PA      | $5315779.51   | 0.47%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                         | ING Groep NV                                                                              | CUSIP: 456837BU6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   6600000 | PA      | $6562422.70   | 0.57%             | 2032-03-23      | Variable      | 4.80%                 | No            |                  2 | On Loan: —       |
| FNMA or FHLMC                                        | UMBS, Single Family, 30 Year                                                              | CUSIP: 01F052656<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    150000 | PA      | $150445.31    | 0.01%             | 2056-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                  | GS Mortgage-Backed Securities Trust, Series 2025-HE1, Class A1                            | CUSIP: 36272NAA2<br>LEI: 254900RIVK2GCJ08H839 | Long             | ABS-MBS          | CORP              | US        |   1073880 | PA      | $1075969.43   | 0.09%             | 2055-10-25      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                            | Ford Motor Credit Co. LLC                                                                 | CUSIP: 345397ZW6<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1564000 | PA      | $1561979.23   | 0.14%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: —       |
| Hexcel Corp.                                         | Hexcel Corp.                                                                              | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |   2603000 | PA      | $2595011.18   | 0.23%             | 2027-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MAPS Trust                                           | MAPS Trust, Series 2021-1A, Class A                                                       | CUSIP: 55292RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2399466 | PA      | $2308721.70   | 0.20%             | 2046-06-15      | Fixed         | 2.52%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5460, Class FA                                                       | CUSIP: 3137HFS63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1795276 | PA      | $1803817.86   | 0.16%             | 2054-10-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                 | Royal Bank of Canada                                                                      | CUSIP: 78017DAM0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1906000 | PA      | $1902477.52   | 0.17%             | 2031-08-06      | Variable      | 4.70%                 | No            |                  2 | On Loan: —       |
| J.P. Morgan Mortgage Trust                           | J.P. Morgan Mortgage Trust, Series 2024-HE2, Class A1                                     | CUSIP: 46593HAA6<br>LEI: 529900ELA1S09AZO9Q54 | Long             | ABS-O            | CORP              | US        |   1024339 | PA      | $1024903.70   | 0.09%             | 2054-10-20      | Floating      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| Qorvo, Inc.                                          | Qorvo, Inc.                                                                               | CUSIP: 74736KAJ0<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |   3836000 | PA      | $3472103.27   | 0.30%             | 2031-04-01      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Castlelake Aircraft Structured Trust                 | Castlelake Aircraft Structured Trust, Series 2025-2A, Class A                             | CUSIP: 14855XAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1176965 | PA      | $1178391.45   | 0.10%             | 2050-08-15      | Fixed         | 5.46%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5475, Class FJ                                                       | CUSIP: 3137HHDL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4265199 | PA      | $4276971.86   | 0.37%             | 2054-11-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| ServiceMaster Funding LLC                            | ServiceMaster Funding LLC, Series 2021-1, Class A2I                                       | CUSIP: 81761TAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    786533 | PA      | $736442.26    | 0.06%             | 2051-07-30      | Fixed         | 2.87%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31418FGY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4357130 | PA      | $4380798.40   | 0.38%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp.                                                                     | CUSIP: 060505GQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   7801000 | PA      | $7705026.33   | 0.67%             | 2032-02-06      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                          | FIGRE Trust, Series 2025-FL1, Class A1                                                    | CUSIP: 31684QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2985641 | PA      | $2991280.73   | 0.26%             | 2055-07-25      | Variable      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                            | Ford Motor Credit Co. LLC                                                                 | CUSIP: 345397G31<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    684000 | PA      | $687356.18    | 0.06%             | 2031-11-05      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Loanpal Solar Loan Ltd.                              | Loanpal Solar Loan Ltd., Series 2021-1GS, Class A                                         | CUSIP: 53948PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    734036 | PA      | $609221.57    | 0.05%             | 2048-01-20      | Fixed         | 2.29%                 | Yes           |                  2 | On Loan: No      |
| HYT Commercial Mortgage Trust                        | HYT Commercial Mortgage Trust, Series 2024-RGCY, Class A                                  | CUSIP: 449173AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3275000 | PA      | $3279708.14   | 0.29%             | 2041-09-15      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp.                                                                     | CUSIP: 06051GFX2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    400000 | PA      | $399814.06    | 0.03%             | 2026-04-19      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                          | ONEOK, Inc.                                                                               | CUSIP: 682680CQ4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   4335000 | PA      | $4419174.60   | 0.39%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| US Bank NA                                           | US Bank NA, Series 2026-RVM1, Class B1                                                    | CUSIP: 90355PAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4300000 | PA      | $4286617.54   | 0.38%             | 2046-12-25      | Fixed         | 4.96%                 | Yes           |                  2 | On Loan: No      |
| MAST Ltd.                                            | MAST Ltd., Series 2026-1A, Class A                                                        | CUSIP: 57631AAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2406589 | PA      | $2370613.86   | 0.21%             | 2051-02-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2024-36, Class FB                                                     | CUSIP: 3136BR3E5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1102048 | PA      | $1109704.89   | 0.10%             | 2054-06-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31382KWD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       302 | PA      | $312.74       | 0.00%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CDF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     37000 | PA      | $34799.51     | 0.00%             | 2028-10-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC                                     | CCO Holdings LLC                                                                          | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2353000 | PA      | $2351891.97   | 0.21%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Stellantis Financial Services US Corp.               | Stellantis Financial Services US Corp.                                                    | CUSIP: 85855FAB9<br>LEI: 5493000KNKFDOC1BOW59 | Long             | DBT              | CORP              | US        |   8014000 | PA      | $7873147.22   | 0.69%             | 2030-09-15      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: —       |
| Azorra Finance Ltd.                                  | Azorra Finance Ltd.                                                                       | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |   1539000 | PA      | $1586425.82   | 0.14%             | 2030-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                        | Lendbuzz Securitization Trust, Series 2025-1A, Class A2                                   | CUSIP: 525938AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    482855 | PA      | $484099.42    | 0.04%             | 2030-10-15      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| RCKTL                                                | RCKTL, Series 2025-2A, Class B                                                            | CUSIP: 74939HAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1825000 | PA      | $1821882.90   | 0.16%             | 2034-11-27      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                 | GNMA I, Single Family, 30 Year                                                            | CUSIP: 36296DNA2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     33846 | PA      | $35225.50     | 0.00%             | 2038-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Carnival Corp.                                       | Carnival Corp.                                                                            | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1900000 | PA      | $1901757.12   | 0.17%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: —       |
| TX Trust                                             | TX Trust, Series 2024-HOU, Class A                                                        | CUSIP: 90216DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1375000 | PA      | $1374923.83   | 0.12%             | 2039-06-15      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury 10 Year Ultra Bonds                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -36 | NC      | $87852.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                         | UBS Group AG                                                                              | CUSIP: 225401BR8<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2510000 | PA      | $2478659.56   | 0.22%             | 2030-04-10      | Variable      | 4.21%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31383HYG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8245 | PA      | $8661.21      | 0.00%             | 2029-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust                    | Chase Home Lending Mortgage Trust, Series 2026-3, Class A3                                | CUSIP: 161938AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2090000 | PA      | $2084366.82   | 0.18%             | 2057-01-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CBL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5709000 | PA      | $5006079.38   | 0.44%             | 2031-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury 2 Year Notes                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      1444 | NC      | $-1063028.68  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Brean Asset-Backed Securities Trust                  | Brean Asset-Backed Securities Trust, Series 2023-RM6, Class A1                            | CUSIP: 10638AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1592457 | PA      | $1589306.78   | 0.14%             | 2063-01-25      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                            | Ford Motor Credit Co. LLC                                                                 | CUSIP: 345397G23<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2602000 | PA      | $2589309.45   | 0.23%             | 2029-09-06      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Bills                                                                       | CUSIP: 912797UA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   3325100 | PA      | $3299874.00   | 0.29%             | 2026-06-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                             | BX Trust, Series 2025-GW, Class B                                                         | CUSIP: 12433GAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1675000 | PA      | $1676912.18   | 0.15%             | 2042-07-15      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| HLTN Commercial Mortgage Trust                       | HLTN Commercial Mortgage Trust, Series 2024-DPLO, Class A                                 | CUSIP: 40424UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1267500 | PA      | $1269022.65   | 0.11%             | 2041-06-15      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                        | UMBS, Single Family, 30 Year                                                              | CUSIP: 01F050643<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  25891000 | PA      | $25523874.68  | 2.23%             | 2056-04-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                       | PEAC Solutions Receivables LLC, Series 2024-1A, Class A2                                  | CUSIP: 69433BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    159576 | PA      | $160536.94    | 0.01%             | 2027-06-21      | Fixed         | 5.79%                 | Yes           |                  2 | On Loan: No      |
| BAMLL Trust                                          | BAMLL Trust, Series 2024-BHP, Class A                                                     | CUSIP: 05493WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    534000 | PA      | $535011.82    | 0.05%             | 2039-08-15      | Floating      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| Acacia LLC                                           | Acacia LLC, Series 2025-1, Class A                                                        | CUSIP: 00401PAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1547861 | PA      | $1546739.20   | 0.14%             | 2037-11-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)             | PNC Financial Services Group, Inc. (The)                                                  | CUSIP: 693475CD5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2360000 | PA      | $2375022.53   | 0.21%             | 2031-05-13      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Driven Brands Funding LLC                            | Driven Brands Funding LLC, Series 2020-1A, Class A2                                       | CUSIP: 26209XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    394573 | PA      | $380080.28    | 0.03%             | 2050-07-20      | Fixed         | 3.79%                 | Yes           |                  2 | On Loan: No      |
| Planet Fitness Master Issuer LLC                     | Planet Fitness Master Issuer LLC, Series 2022-1A, Class A2II                              | CUSIP: 72703PAE3<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |    480000 | PA      | $449078.64    | 0.04%             | 2051-12-05      | Fixed         | 4.01%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC Seasoned Credit Risk Transfer Trust, Series 2019-4, Class HA                        | CUSIP: 35563PMF3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    404829 | PA      | $377463.47    | 0.03%             | 2059-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                           | Liberty Mutual Group, Inc.                                                                | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   2520000 | PA      | $2462299.89   | 0.22%             | 2051-12-15      | Variable      | 4.12%                 | Yes           |                  2 | On Loan: —       |
| BAMLL Commercial Mortgage Securities Trust           | BAMLL Commercial Mortgage Securities Trust, Series 2019-BPR, Class BNM                    | CUSIP: 05492PAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    591000 | PA      | $567472.88    | 0.05%             | 2032-11-05      | Fixed         | 3.46%                 | Yes           |                  2 | On Loan: No      |
| EPR Properties                                       | EPR Properties                                                                            | CUSIP: 26884UAH2<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |   4676000 | PA      | $4565965.91   | 0.40%             | 2030-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                       | BNP Paribas SA                                                                            | CUSIP: 05581KAF8<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   4761000 | PA      | $4838824.54   | 0.42%             | 2029-06-12      | Variable      | 5.33%                 | Yes           |                  2 | On Loan: —       |
| New Residential Mortgage Loan Trust                  | New Residential Mortgage Loan Trust, Series 2015-1A, Class A3                             | CUSIP: 64829CAD0<br>LEI: 549300RCJSGOC0A85G53 | Long             | ABS-MBS          | CORP              | US        |     21409 | PA      | $20697.91     | 0.00%             | 2052-05-28      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| SHR Trust                                            | SHR Trust, Series 2024-LXRY, Class A                                                      | CUSIP: 784234AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $500165.50    | 0.04%             | 2041-10-15      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                                      | CUSIP: 46647PFD3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3919000 | PA      | $3858828.77   | 0.34%             | 2031-10-22      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                | DB Master Finance LLC, Series 2017-1A, Class A2II                                         | CUSIP: 233046AF8<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |    887800 | PA      | $879696.96    | 0.08%             | 2047-11-20      | Fixed         | 4.03%                 | Yes           |                  2 | On Loan: No      |
| STAR Trust                                           | STAR Trust, Series 2025-SFR5, Class C                                                     | CUSIP: 85520CAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    497000 | PA      | $496169.41    | 0.04%             | 2042-02-17      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5513, Class FA                                                       | CUSIP: 3137HKE42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    144483 | PA      | $145022.01    | 0.01%             | 2055-03-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Euro-Bund                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |       -99 | NC      | $179020.77    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Funding Mortgage Trust                     | Provident Funding Mortgage Trust, Series 2025-3, Class A3                                 | CUSIP: 74388PAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    705716 | PA      | $711514.03    | 0.06%             | 2055-08-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ACM Auto Trust                                       | ACM Auto Trust, Series 2024-2A, Class A                                                   | CUSIP: 00461WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8702 | PA      | $8704.52      | 0.00%             | 2029-02-20      | Fixed         | 6.06%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31371HQX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       593 | PA      | $613.65       | 0.00%             | 2029-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Project Silver                                       | Project Silver, Series 2019-1, Class A                                                    | CUSIP: 827304AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5303140 | PA      | $5161775.91   | 0.45%             | 2044-07-15      | Fixed         | 3.97%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2025-139, Class FE                                                           | CUSIP: 38381QF71<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2356675 | PA      | $2365480.31   | 0.21%             | 2065-08-20      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| CRSNT Trust                                          | CRSNT Trust, Series 2026-MOON, Class A                                                    | CUSIP: 12642SAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3055000 | PA      | $3046534.60   | 0.27%             | 2031-02-15      | Floating      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| Eaton Vance Floating-Rate ETF                        | Eaton Vance Floating-Rate ETF                                                             | CUSIP: 61774R833<br>LEI: 254900BDISIY9SGE8S56 | Long             |  | RF                | US        |    402488 | NS      | $19391871.84  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CAE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8019000 | PA      | $6965096.67   | 0.61%             | 2030-08-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| RAM LLC                                              | RAM LLC, Series 2025-1, Class A                                                           | CUSIP: 748950AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1553832 | PA      | $1548359.62   | 0.14%             | 2040-05-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC Gold Pool, 30 Year                                                                  | CUSIP: 3128M7SU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4364 | PA      | $4595.03      | 0.00%             | 2035-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Radnor Re Ltd.                                       | Radnor Re Ltd., Series 2023-1, Class M1A                                                  | CUSIP: 75050KAA4<br>LEI: 254900P3K895250PCC81 | Long             | ABS-MBS          | CORP              | BM        |    153914 | PA      | $154490.35    | 0.01%             | 2033-07-25      | Floating      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| Monroe Capital ABS Funding Ltd.                      | Monroe Capital ABS Funding Ltd., Series 2021-1A, Class A2                                 | CUSIP: 610331AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    594154 | PA      | $549160.73    | 0.05%             | 2031-04-22      | Fixed         | 2.81%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                           | UMBS Pool, 30 Year                                                                        | CUSIP: 3132DWNJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4423488 | PA      | $4452182.95   | 0.39%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                            | Chesapeake Funding II LLC, Series 2024-1A, Class A1                                       | CUSIP: 165183DE1<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |    374995 | PA      | $378845.20    | 0.03%             | 2036-05-15      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Antares Holdings LP                                  | Antares Holdings LP                                                                       | CUSIP: 03666HAD3<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |    398000 | PA      | $389762.46    | 0.03%             | 2027-01-15      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: —       |
| Jamestown CLO IX Ltd.                                | Jamestown CLO IX Ltd., Series 2016-9A, Class BR3                                          | CUSIP: 47048JBM4<br>LEI: 254900NFTK4YH0WYT485 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3995948.00   | 0.35%             | 2034-07-25      | Floating      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp.                                                                     | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2041000 | PA      | $2005735.87   | 0.18%             | 2028-12-20      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| Oaktree Strategic Credit Fund                        | Oaktree Strategic Credit Fund                                                             | CUSIP: 67403AAB5<br>LEI: 2549006RRE0JC7G43241 | Long             | DBT              | CORP              | US        |   1398000 | PA      | $1463895.96   | 0.13%             | 2028-11-14      | Fixed         | 8.40%                 | No            |                  2 | On Loan: No      |
| Truist Bank Auto Credit-Linked Notes                 | Truist Bank Auto Credit-Linked Notes, Series 2025-1, Class B                              | CUSIP: 897926CB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1915661 | PA      | $1916024.70   | 0.17%             | 2033-09-26      | Fixed         | 4.73%                 | Yes           |                  2 | On Loan: No      |
| Cascade MH Asset Trust                               | Cascade MH Asset Trust, Series 2022-MH1, Class A                                          | CUSIP: 14732KAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1261592 | PA      | $1236572.74   | 0.11%             | 2054-08-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Lunar Structured Aircraft Portfolio Notes            | Lunar Structured Aircraft Portfolio Notes, Series 2021-1, Class A                         | CUSIP: 83438LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1196738 | PA      | $1137778.87   | 0.10%             | 2046-10-15      | Fixed         | 2.64%                 | Yes           |                  2 | On Loan: No      |
| Oportun Issuance Trust                               | Oportun Issuance Trust, Series 2021-B, Class B                                            | CUSIP: 68377GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    138845 | PA      | $136703.20    | 0.01%             | 2031-05-08      | Fixed         | 1.96%                 | Yes           |                  2 | On Loan: No      |
| TerraForm Power Operating LLC                        | TerraForm Power Operating LLC                                                             | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   2136000 | PA      | $2113561.53   | 0.18%             | 2028-01-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31378XA63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       517 | PA      | $534.80       | 0.00%             | 2028-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BFLD Commercial Mortgage Trust                       | BFLD Commercial Mortgage Trust, Series 2024-UNIV, Class B                                 | CUSIP: 08861RAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $500903.65    | 0.04%             | 2041-11-15      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31390QQS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13415 | PA      | $13989.43     | 0.00%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer II LLC                               | DataBank Issuer II LLC, Series 2025-1A, Class A2                                          | CUSIP: 23802YAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3230000 | PA      | $3139528.35   | 0.27%             | 2055-09-27      | Fixed         | 5.18%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp.                                                                     | CUSIP: 06051GKP3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   7107000 | PA      | $7102937.64   | 0.62%             | 2028-04-27      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                      | TransDigm, Inc.                                                                           | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2829000 | PA      | $2885333.85   | 0.25%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31384V4M1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2837 | PA      | $2933.36      | 0.00%             | 2030-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CCV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22327000 | PA      | $20953366.16  | 1.83%             | 2028-08-31      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| SERVPRO Master Issuer LLC                            | SERVPRO Master Issuer LLC, Series 2025-1A, Class A2                                       | CUSIP: 817743AL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1853355 | PA      | $1838319.66   | 0.16%             | 2055-10-25      | Fixed         | 5.53%                 | Yes           |                  2 | On Loan: No      |
| HCA, Inc.                                            | HCA, Inc.                                                                                 | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1323000 | PA      | $1306408.44   | 0.11%             | 2027-03-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31418MJP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5677 | PA      | $5973.53      | 0.00%             | 2037-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                               | Truist Financial Corp., Series I.                                                         | CUSIP: 89788MAW2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   3846000 | PA      | $3805852.57   | 0.33%             | 2032-01-27      | Variable      | 4.60%                 | No            |                  2 | On Loan: —       |
| Extended Stay America Trust                          | Extended Stay America Trust, Series 2025-ESH, Class B                                     | CUSIP: 30227TAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2900000 | PA      | $2908196.85   | 0.25%             | 2042-10-15      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2024-33, Class KF                                                     | CUSIP: 3136BSFC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    327251 | PA      | $329194.53    | 0.03%             | 2054-01-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31418MJT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4951 | PA      | $5192.59      | 0.00%             | 2032-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust                     | Provident Funding Mortgage Trust, Series 2025-5, Class A2                                 | CUSIP: 74388RAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2224380 | PA      | $2219775.35   | 0.19%             | 2055-11-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| NYCT Trust                                           | NYCT Trust, Series 2024-3ELV, Class A                                                     | CUSIP: 62956HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1020000 | PA      | $1023121.20   | 0.09%             | 2029-08-15      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corp.                    | Algonquin Power & Utilities Corp.                                                         | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   6446000 | PA      | $6451705.81   | 0.56%             | 2026-06-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: —       |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CCE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     90000 | PA      | $85246.88     | 0.01%             | 2028-05-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2015-H13, Class FL                                                           | CUSIP: 38376RCN4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1219 | PA      | $1207.01      | 0.00%             | 2063-05-20      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| loanDepot GMSR Trust                                 | loanDepot GMSR Trust, Series 2025-GT1, Class A                                            | CUSIP: 53946TAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1282000 | PA      | $1273382.27   | 0.11%             | 2030-05-16      | Floating      | 6.52%                 | Yes           |                  2 | On Loan: No      |
| TYSN Mortgage Trust                                  | TYSN Mortgage Trust, Series 2023-CRNR, Class A                                            | CUSIP: 87332PAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    540000 | PA      | $561617.87    | 0.05%             | 2033-12-10      | Variable      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| DBC Mortgage Trust                                   | DBC Mortgage Trust, Series 2025-DBC, Class B                                              | CUSIP: 23306HAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1095000 | PA      | $1092771.68   | 0.10%             | 2042-11-15      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| GWT                                                  | GWT, Series 2024-WLF2, Class A                                                            | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    570000 | PA      | $570686.91    | 0.05%             | 2041-05-15      | Floating      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Oscar US Funding XVII LLC                            | Oscar US Funding XVII LLC, Series 2024-2A, Class A2                                       | CUSIP: 68784BAB0<br>LEI: 353800UI8625NXT7ND41 | Long             | ABS-O            | CORP              | JP        |    212606 | PA      | $212516.28    | 0.02%             | 2027-12-10      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| ReadyCap Lending Small Business Loan Trust           | ReadyCap Lending Small Business Loan Trust, Series 2019-2, Class A                        | CUSIP: 75576QAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12291 | PA      | $12282.74     | 0.00%             | 2044-12-27      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5451, Class FA                                                       | CUSIP: 3137HFL60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1574419 | PA      | $1582255.25   | 0.14%             | 2054-09-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CHU8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    380000 | PA      | $380845.93    | 0.03%             | 2026-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                           | UMBS Pool, 30 Year                                                                        | CUSIP: 3132DWN82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4487088 | PA      | $4513390.97   | 0.39%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dext ABS LLC                                         | Dext ABS LLC, Series 2023-2, Class A2                                                     | CUSIP: 25216CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     92957 | PA      | $93182.66     | 0.01%             | 2034-05-15      | Fixed         | 6.56%                 | Yes           |                  2 | On Loan: No      |
| Navistar Financial Dealer Note Master Owner Trust II | Navistar Financial Dealer Note Master Owner Trust II, Series 2025-1, Class A              | CUSIP: 63938PBZ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    696000 | PA      | $695989.63    | 0.06%             | 2030-09-25      | Fixed         | 4.18%                 | Yes           |                  2 | On Loan: No      |
| Seaspan Corp.                                        | Seaspan Corp.                                                                             | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |   1090000 | PA      | $1022319.52   | 0.09%             | 2029-08-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Tricon Residential Trust                             | Tricon Residential Trust, Series 2025-SFR1, Class C                                       | CUSIP: 895974AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1620000 | PA      | $1619057.00   | 0.14%             | 2042-03-17      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| CSMC Trust                                           | CSMC Trust, Series 2021-BPNY, Class A                                                     | CUSIP: 12659XAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2512868 | PA      | $2467637.57   | 0.22%             | 2026-08-15      | Floating      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Sunnova Helios V Issuer LLC                          | Sunnova Helios V Issuer LLC, Series 2021-A, Class A                                       | CUSIP: 86746EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    682397 | PA      | $507606.16    | 0.04%             | 2048-02-20      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31387KBA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2764 | PA      | $2858.35      | 0.00%             | 2031-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer LLC                     | Planet Fitness Master Issuer LLC, Series 2024-1A, Class A2I                               | CUSIP: 72703PAF0<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |   1048040 | PA      | $1055427.21   | 0.09%             | 2054-06-05      | Fixed         | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Pinnacle Financial Partners, Inc.                    | Pinnacle Financial Partners, Inc.                                                         | CUSIP: 87161CAP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3212459.05   | 0.28%             | 2030-11-01      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2024-44, Class FB                                                            | CUSIP: 38384KR52<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1497419 | PA      | $1500303.46   | 0.13%             | 2064-03-20      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd.                                  | Athene Holding Ltd.                                                                       | CUSIP: 04686JAF8<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |   2506000 | PA      | $2606869.51   | 0.23%             | 2033-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Durst Commercial Mortgage Trust                      | Durst Commercial Mortgage Trust, Series 2025-151, Class D                                 | CUSIP: 266895AG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    719000 | PA      | $736196.47    | 0.06%             | 2042-08-10      | Variable      | 6.34%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2025-31, Class FB                                                     | CUSIP: 3136BVYK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1534857 | PA      | $1540647.42   | 0.13%             | 2054-06-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust                    | Chase Home Lending Mortgage Trust, Series 2026-1, Class A2                                | CUSIP: 16161YAB2<br>LEI: 529900FU45ZZQULAKB21 | Long             | ABS-MBS          | CORP              | US        |   2973298 | PA      | $2969000.37   | 0.26%             | 2056-11-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Banco Santander SA                                   | Banco Santander SA                                                                        | CUSIP: 05964HAQ8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   4400000 | PA      | $4381368.86   | 0.38%             | 2028-03-24      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| Eaton Vance Ultra-Short Income ETF                   | Eaton Vance Ultra-Short Income ETF                                                        | CUSIP: 61774R700<br>LEI: 254900V7QBF5XYWO0K24 | Long             |  | RF                | US        |    150000 | NS      | $7613400.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce                   | Canadian Imperial Bank of Commerce                                                        | CUSIP: 13607QFE7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1952000 | PA      | $1944444.12   | 0.17%             | 2031-09-08      | Variable      | 4.58%                 | No            |                  2 | On Loan: —       |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CKY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16729700 | PA      | $16766818.02  | 1.47%             | 2026-06-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 912828ZQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     65000 | PA      | $56946.09     | 0.00%             | 2030-05-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust                    | Chase Home Lending Mortgage Trust, Series 2025-11, Class A2                               | CUSIP: 16162QAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1827993 | PA      | $1824208.54   | 0.16%             | 2056-02-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ServiceMaster Funding LLC                            | ServiceMaster Funding LLC, Series 2020-1, Class A2I                                       | CUSIP: 81761TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3278170 | PA      | $3119714.90   | 0.27%             | 2051-01-30      | Fixed         | 2.84%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                      | Goldman Sachs Group, Inc. (The)                                                           | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3239000 | PA      | $3294391.31   | 0.29%             | 2031-04-23      | Variable      | 5.22%                 | No            |                  2 | On Loan: —       |
| Option One Mortgage Loan Trust                       | Option One Mortgage Loan Trust, Series 2000-5, Class A                                    | CUSIP: 68389FBH6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25971 | PA      | $26455.72     | 0.00%             | 2030-08-20      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Crockett Partners Equipment Co. IIA LLC              | Crockett Partners Equipment Co. IIA LLC, Series 2024-1C, Class A                          | CUSIP: 22689LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    345000 | PA      | $349391.68    | 0.03%             | 2031-01-20      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Fortitude Global Funding                             | Fortitude Global Funding                                                                  | CUSIP: 34967GAA2<br>LEI: 635400TKBOGEHNO5RT68 | Long             | DBT              | CORP              | US        |   1267000 | PA      | $1254671.77   | 0.11%             | 2028-10-06      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding LLC                                | Taco Bell Funding LLC, Series 2018-1A, Class A2II                                         | CUSIP: 87342RAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2867025 | PA      | $2860038.92   | 0.25%             | 2048-11-25      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2025-63, Class FA                                                     | CUSIP: 3136BWXU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2046265 | PA      | $2055484.22   | 0.18%             | 2055-08-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                    | GLS Auto Select Receivables Trust, Series 2024-2A, Class A2                               | CUSIP: 379924AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     88938 | PA      | $89695.75     | 0.01%             | 2030-06-17      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Marex Group plc                                      | Marex Group plc                                                                           | CUSIP: 566539AA0<br>LEI: 549300DWX0SVICJAL507 | Long             | DBT              | CORP              | GB        |   2882000 | PA      | $2969370.28   | 0.26%             | 2029-11-04      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31391C5N1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3021 | PA      | $3146.80      | 0.00%             | 2032-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | UMBS, 30 Year                                                                             | CUSIP: 31418MJQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9373 | PA      | $9822.66      | 0.00%             | 2033-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, Strips, Series 406, Class F12                                                      | CUSIP: 3133Q3GP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    918728 | PA      | $927515.40    | 0.08%             | 2053-10-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2014-H03, Class FA                                                           | CUSIP: 38375UEJ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      8357 | PA      | $8412.96      | 0.00%             | 2064-01-20      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2024-197, Class GF                                                           | CUSIP: 38385BAP5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    890158 | PA      | $893761.08    | 0.08%             | 2054-12-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CMP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2322000 | PA      | $2329790.01   | 0.20%             | 2027-02-28      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| AASET MT-1 Ltd.                                      | AASET MT-1 Ltd., Series 2025-3A, Class A                                                  | CUSIP: 00039NAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    414779 | PA      | $409961.85    | 0.04%             | 2050-02-16      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                   | LPL Holdings, Inc.                                                                        | CUSIP: 50212YAF1<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   2067000 | PA      | $1979750.42   | 0.17%             | 2031-05-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: —       |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                                      | CUSIP: 46625HRX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296723.92    | 0.03%             | 2027-12-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Brookfield Asset Management Ltd.                     | Brookfield Asset Management Ltd.                                                          | CUSIP: 113004AB1<br>LEI: 549300CZ84WPNJZKY093 | Long             | DBT              | CORP              | CA        |   5827000 | PA      | $5778404.39   | 0.51%             | 2030-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| American National Group, Inc.                        | American National Group, Inc.                                                             | CUSIP: 02772AAA7<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   2471000 | PA      | $2526964.79   | 0.22%             | 2032-06-13      | Fixed         | 6.14%                 | Yes           |                  2 | On Loan: —       |
| UPX HIL Issuer Trust                                 | UPX HIL Issuer Trust, Series 2025-1, Class A                                              | CUSIP: 916925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2379623 | PA      | $2371622.13   | 0.21%             | 2047-01-25      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Bonds                                                                       | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     52000 | PA      | $34782.11     | 0.00%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Hawaii Hotel Trust                                   | Hawaii Hotel Trust, Series 2025-MAUI, Class B                                             | CUSIP: 419909AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2501559.25   | 0.22%             | 2042-03-15      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2024-30, Class LF                                                            | CUSIP: 38384JNF7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    921575 | PA      | $924353.50    | 0.08%             | 2054-02-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                   | T-Mobile USA, Inc.                                                                        | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   3818000 | PA      | $3470478.27   | 0.30%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                                   | VICI Properties LP                                                                        | CUSIP: 92564RAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4224000 | PA      | $4106225.63   | 0.36%             | 2029-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| BF Mortgage Trust                                    | BF Mortgage Trust, Series 2019-NYT, Class A                                               | CUSIP: 62954PAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1328000 | PA      | $1309470.28   | 0.11%             | 2035-12-15      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| PRKCM Trust                                          | PRKCM Trust, Series 2023-AFC3, Class A2                                                   | CUSIP: 693984AB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1469462 | PA      | $1476055.44   | 0.13%             | 2058-09-25      | Variable      | 6.99%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5499, Class FQ                                                       | CUSIP: 3137HJX44<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2512397 | PA      | $2528485.57   | 0.22%             | 2055-02-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CFB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1314000 | PA      | $1295752.85   | 0.11%             | 2027-07-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| loanDepot GMSR Trust                                 | loanDepot FAMSR Master Trust, Series 2025-FT1, Class A                                    | CUSIP: 53949HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1548000 | PA      | $1548873.52   | 0.14%             | 2030-12-19      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| ORL Trust                                            | ORL Trust, Series 2024-GLKS, Class D                                                      | CUSIP: 67120DAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    254000 | PA      | $255110.08    | 0.02%             | 2039-12-15      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| Athene Global Funding                                | Athene Global Funding                                                                     | CUSIP: 04685A4G3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1582000 | PA      | $1585818.28   | 0.14%             | 2030-01-07      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| NRZ Excess Spread-Collateralized Notes               | NRZ Excess Spread-Collateralized Notes, Series 2021-FHT1, Class A                         | CUSIP: 62955MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    301392 | PA      | $299049.08    | 0.03%             | 2026-07-25      | Fixed         | 3.10%                 | Yes           |                  2 | On Loan: No      |
| HCA, Inc.                                            | HCA, Inc.                                                                                 | CUSIP: 404119DA4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   4260000 | PA      | $4368625.83   | 0.38%             | 2032-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Research-Driven Pagaya Motor Asset Trust             | Research-Driven Pagaya Motor Asset Trust, Series 2025-1A, Class A                         | CUSIP: 76089YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3063467 | PA      | $3070505.60   | 0.27%             | 2033-06-27      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, REMIC, Series 2024-82, Class FY                                                     | CUSIP: 3136BTGY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2697196 | PA      | $2712517.04   | 0.24%             | 2054-11-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer                                      | DataBank Issuer, Series 2026-1A, Class A2                                                 | CUSIP: 23802WAQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1809000 | PA      | $1801575.50   | 0.16%             | 2056-02-25      | Fixed         | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                  | Medline Borrower LP                                                                       | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   2790000 | PA      | $2767117.26   | 0.24%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                                       | CUSIP: 91282CKG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4517000 | PA      | $4555288.62   | 0.40%             | 2029-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                     | Boeing Co. (The)                                                                          | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   5110000 | PA      | $5366100.22   | 0.47%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: —       |
| Pagaya AI Debt Grantor Trust                         | Pagaya AI Debt Grantor Trust, Series 2025-1, Class A2                                     | CUSIP: 69544NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    356607 | PA      | $357255.09    | 0.03%             | 2032-07-15      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| STAR Trust                                           | STAR Trust, Series 2022-SFR3, Class F                                                     | CUSIP: 78474PAN7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    551577 | PA      | $553677.64    | 0.05%             | 2039-05-17      | Floating      | 8.18%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, REMIC, Series 5410, Class FE                                                       | CUSIP: 3137HCV82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    541398 | PA      | $544425.05    | 0.05%             | 2054-05-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital, Inc.                                | Ashtead Capital, Inc.                                                                     | CUSIP: 045054AF0<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   2302000 | PA      | $2290094.40   | 0.20%             | 2027-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: —       |
| Petroleos Mexicanos                                  | Petroleos Mexicanos                                                                       | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |    544000 | PA      | $549555.33    | 0.05%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Post Road Equipment Finance LLC                      | Post Road Equipment Finance LLC, Series 2024-1A, Class A2                                 | CUSIP: 737473AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    101024 | PA      | $101272.17    | 0.01%             | 2029-11-15      | Fixed         | 5.59%                 | Yes           |                  2 | On Loan: No      |
| NRTH Commercial Mortgage Trust                       | NRTH Commercial Mortgage Trust, Series 2025-PARK, Class A                                 | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    435000 | PA      | $435211.41    | 0.04%             | 2040-10-15      | Floating      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| COPT Defense Properties LP                           | COPT Defense Properties LP                                                                | CUSIP: 22003BAM8<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |   1873000 | PA      | $1697447.27   | 0.15%             | 2031-04-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: —       |
| NextEra Energy Capital Holdings, Inc.                | NextEra Energy Capital Holdings, Inc.                                                     | CUSIP: 65339KCM0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1116000 | PA      | $1125357.92   | 0.10%             | 2028-02-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| FHLMC                                                | FHLMC, REMIC, Series 2182, Class ZC                                                       | CUSIP: 3133TM7G5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     33707 | PA      | $34389.33     | 0.00%             | 2029-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Oportun Funding Trust                                | Oportun Funding Trust, Series 2024-3, Class B                                             | CUSIP: 68377NAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    627515 | PA      | $627977.76    | 0.05%             | 2029-08-15      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Truist Financial Corp.                               | Truist Financial Corp.                                                                    | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2490000 | PA      | $2496376.42   | 0.22%             | 2027-06-08      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                        | Centene Corp.                                                                             | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   6262000 | PA      | $5948508.00   | 0.52%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| RCKTL                                                | RCKTL, Series 2025-2A, Class A                                                            | CUSIP: 74939HAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1167059 | PA      | $1167350.75   | 0.10%             | 2034-11-27      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| AASET Ltd.                                           | AASET Ltd., Series 2025-2A, Class A                                                       | CUSIP: 00039NAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2413210 | PA      | $2412281.87   | 0.21%             | 2050-02-16      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Citadel Finance LLC                                  | Citadel Finance LLC                                                                       | CUSIP: 17287HAD2<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |   4445000 | PA      | $4468707.67   | 0.39%             | 2030-02-10      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                        | Lendbuzz Securitization Trust, Series 2026-1A, Class B                                    | CUSIP: 525952AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    823003 | PA      | $823402.02    | 0.07%             | 2030-12-16      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Radian Group, Inc.                                   | Radian Group, Inc.                                                                        | CUSIP: 750236AW1<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |   4016000 | PA      | $4016760.95   | 0.35%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC STACR REMIC Trust, Series 2021-DNA7, Class B2                                       | CUSIP: 35564KNE5<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |    880000 | PA      | $914537.27    | 0.08%             | 2041-11-25      | Floating      | 11.46%                | Yes           |                  2 | On Loan: No      |
| HAT Holdings I LLC                                   | HAT Holdings I LLC                                                                        | CUSIP: 418751AD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3742000 | PA      | $3446158.08   | 0.30%             | 2030-09-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: —       |
| Santander Bank Auto Credit-Linked Notes              | Santander Bank Auto Credit-Linked Notes, Series 2025-A, Class B                           | CUSIP: 80290CCR3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1165197 | PA      | $1164903.72   | 0.10%             | 2034-01-16      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| SoFi Consumer Loan Program Trust                     | SoFi Consumer Loan Program Trust, Series 2025-2, Class B                                  | CUSIP: 83407HAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    945000 | PA      | $951012.75    | 0.08%             | 2034-06-25      | Fixed         | 4.97%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP            | XPLR Infrastructure Operating Partners LP                                                 | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2426828.88   | 0.21%             | 2027-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: —       |
| Great Wolf Trust                                     | Great Wolf Trust, Series 2024-WOLF, Class A                                               | CUSIP: 39152MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1391000 | PA      | $1392071.77   | 0.12%             | 2039-03-15      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Swedbank AB                                          | Swedbank AB                                                                               | CUSIP: 87020PAX5<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   1635000 | PA      | $1647996.22   | 0.14%             | 2026-09-12      | Fixed         | 6.14%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                 | GNMA, Series 2012-H20, Class BA                                                           | CUSIP: 38375BVQ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     26753 | PA      | $26922.04     | 0.00%             | 2062-09-20      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| SERVPRO Master Issuer LLC                            | SERVPRO Master Issuer LLC, Series 2021-1A, Class A2                                       | CUSIP: 817743AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2681288 | PA      | $2550854.12   | 0.22%             | 2051-04-25      | Fixed         | 2.39%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating LLC                 | Charter Communications Operating LLC                                                      | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2513000 | PA      | $2603614.41   | 0.23%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                         | Oracle Corp.                                                                              | CUSIP: 68389XDY8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3603000 | PA      | $3508729.77   | 0.31%             | 2033-05-04      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                            | Corebridge Global Funding                                                                 | CUSIP: 00138CBJ6<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    850000 | PA      | $834108.71    | 0.07%             | 2030-10-02      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| ACHV ABS Trust                                       | ACHV ABS Trust, Series 2024-3AL, Class B                                                  | CUSIP: 00092KAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200767 | PA      | $202207.26    | 0.02%             | 2031-12-26      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Morgan Stanley ETF Trust

**Signature:** James F. Kirchner

**Name of Signer:** James F. Kirchner

**Title:** Principal Financial Officer