# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0002048251-26-002748
**Filing Date:** 2026-4
**Character Count:** 148492
**Document Hash:** 01a4633e4d9b0e39f99bfb4a00902604
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-002748.hdr.sgml**: 20260401

**ACCESSION NUMBER**: 0002048251-26-002748

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260401

**DATE AS OF CHANGE**: 20260401

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS' INNER CIRCLE FUND
- **CENTRAL INDEX KEY:** 0000878719

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06400
- **FILM NUMBER:** 26825328

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** 8009327781

**MAIL ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADVISORS INNER CIRCLE FUND
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### LOOMIS SAYLES FULL DISCRETION INSTITUTIONAL SECURITIZED FUND (Series ID: S000032046)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000099791 | INSTITUTIONAL CLASS SHARES |  |

## Nport-Ex

Portfolio of Investments — as of January 31, 2026 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Asset-Backed Securities — 59.7%** | **Asset-Backed Securities — 59.7%** | **Asset-Backed Securities — 59.7%** |
|  | 37 Capital CLO 1, Series 2021-1A, Class E |  |
| $1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.134%, TSFR3M + 7.462%, 10/15/34 (A)(B) | $986194 |
|  | 720 East CLO VI, Series 2024-3A, Class E |  |
| 3720000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.168%, TSFR3M + 5.500%, 01/20/38 (A)(B) | 3727883 |
|  | AASET Trust, Series 2019-2C, Class C |  |
| 1349894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.413%, 10/16/39 (B) | 1333703 |
|  | AASET Trust, Series 2020-1A |  |
| 17029000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 01/16/40 (C) | 1251631 |
|  | AASET Trust, Series 2020-1A, Class B |  |
| 1964543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.335%, 01/16/40 (B) | 1930174 |
|  | AASET Trust, Series 2020-1A, Class C |  |
| 3915655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.413%, 01/16/40 (B) | 3837528 |
|  | Accelerated Assets, Series 2018-1, Class B |  |
| 100411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.510%, 12/02/33 (B) | 99213 |
|  | Affirm Asset Securitization Trust, Series 2023-X1, Class D |  |
| 711089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.550%, 11/15/28 (B) | 714457 |
|  | AGL CLO, Series 2025-44A, Class D1 |  |
| 1950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.453%, TSFR3M + 2.500%, 10/22/37 (A)(B) | 1949007 |
|  | AIM Aviation Finance, Series 2015-1A, Class B1 |  |
| 8883378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.072%, 02/15/40 (B)(D) | 7286590 |
|  | APL Finance DAC, Series 2023-1A, Class D |  |
| 8157000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.150%, 03/20/36 (B) | 8074725 |
|  | Applebee's Funding, Series 2025-1A, Class A2 |  |
| 1028000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.720%, 06/07/55 (B) | 1036578 |
|  | Auxilior Term Funding, Series 2023-1A, Class E |  |
| 2750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.970%, 12/15/32 (B) | 3021227 |
|  | Avant Credit Card Master Trust, Series 2025-1A, Class F |  |
| 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.790%, 04/15/31 (B) | 2489891 |
|  | Bain Capital CLO, Series 2024-1A, Class D1 |  |
| 1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.521%, TSFR3M + 3.850%, 04/16/37 (A)(B) | 1753232 |
|  | Basepoint Mca Securitization II, Series 2025-1A, Class C |  |
| 2675000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.789%, 08/15/31 (B) | 2672863 |
|  | BHG Securitization Trust, Series 2022-C, Class E |  |
| 1890000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.730%, 10/17/35 (B) | 2031106 |
|  | BHG Securitization Trust, Series 2023-B, Class E |  |
| 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.400%, 12/17/36 (B) | 2839644 |
|  | BHG Securitization Trust, Series 2024-1CON, Class E |  |
| 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.450%, 04/17/35 (B) | 2728856 |
|  | BHG Securitization Trust, Series 2025-2CON, Class E |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.760%, 09/17/36 (B) | 1013604 |

---

\| **1**

Portfolio of Investments — as of January 31, 2026 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Asset-Backed Securities — 59.7% (continued)** | **Asset-Backed Securities — 59.7% (continued)** | **Asset-Backed Securities — 59.7% (continued)** |
|  | Birch Grove CLO, Series 2025-6A, Class A1R |  |
| $4485000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.048%, TSFR3M + 1.380%, 07/20/37 (A)(B) | $4495203 |
|  | Biz2Credit Asset Securitization, Series 2024-1A, Class B |  |
| 1520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.437%, 05/15/31 (B) | 1525211 |
|  | Biz2Credit Asset Securitization, Series 2024-1A, Class C |  |
| 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.727%, 05/15/31 (B) | 504032 |
|  | Bridge Street CLO V, Series 2025-1A, Class C1 |  |
| 2235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.618%, TSFR3M + 1.950%, 04/20/38 (A)(B) | 2244065 |
|  | CAL Funding IV, Series 2020-1A, Class B |  |
| 559633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 09/25/45 (B) | 539264 |
|  | Carlyle US CLO, Series 2024-3A, Class D1R |  |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.518%, TSFR3M + 3.850%, 04/20/37 (A)(B) | 1998532 |
|  | Carvana Auto Receivables Trust, Series 2024-N3, Class D |  |
| 785000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.380%, 12/10/30 (B) | 789171 |
|  | Carvana Auto Receivables Trust, Series 2024-N3, Class E |  |
| 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.660%, 04/12/32 (B) | 1258662 |
|  | Castlelake Aircraft Securitization Trust, Series 2018-1, Class B |  |
| 592540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.300%, 06/15/43 (B) | 580689 |
|  | Citibank Credit Card Issuance Trust, Series 2007-A3, Class A3 |  |
| 4670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.150%, 06/15/39 | 5186177 |
|  | CLI Funding VI, Series 2020-3A, Class B |  |
| 451850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.300%, 10/18/45 (B) | 431031 |
|  | CLI Funding VIII, Series 2025-R, Class A |  |
| 1404839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.610%, 06/21/50 (B) | 1398093 |
|  | CLIF Holdings, Series 2025-1H, Class A |  |
| 2340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.720%, 12/20/50 (B) | 2350890 |
|  | Clsec Holdings 22T, Series 2021-1, Class C |  |
| 1969306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.171%, 05/11/37 (B) | 1953826 |
|  | College Ave Student Loans, Series 2023-A, Class E |  |
| 824170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.490%, 05/25/55 (B) | 856373 |
|  | CoreVest American Finance Trust, Series 2019-1, Class E |  |
| 575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.568%, 03/15/52 (A)(B) | 577227 |
|  | CoreVest American Finance Trust, Series 2020-2, Class D |  |
| 1211000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.549%, 05/15/52 (A)(B) | 1183646 |
|  | Credit Acceptance Auto Loan Trust, Series 2023-1A, Class C |  |
| 495000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.710%, 07/15/33 (B) | 504238 |
|  | EDI ABS Issuer, Series 2025-1A, Class B |  |
| 4240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.550%, 07/25/55 (B) | 4002166 |
|  | Eldridge CLO, Series 2025-1A, Class A1 |  |
| 3095000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, TSFR3M + 1.330%, 10/20/38 (A)(B) | 3105514 |

---

**2** \|

Portfolio of Investments — as of January 31, 2026 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Asset-Backed Securities — 59.7% (continued)** | **Asset-Backed Securities — 59.7% (continued)** | **Asset-Backed Securities — 59.7% (continued)** |
|  | EverBright Solar Trust, Series 2024-A, Class A |  |
| $890559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.430%, 06/22/54 (B) | $782884 |
|  | EWC Master Issuer, Series 2022-1A, Class A2 |  |
| 1544000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 03/15/52 (B) | 1531115 |
|  | Falcon Aerospace, Series 2019-1, Class E |  |
| 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 09/15/39 (B)(C) | 1042500 |
|  | FF Asset Securitization, Series 2025-1A, Class C |  |
| 3796000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.167%, 12/17/31 (B) | 3795252 |
|  | FHF Issuer Trust, Series 2025-1A, Class A2 |  |
| 2793901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.920%, 02/15/31 (B) | 2793309 |
|  | First Investors Auto Owner Trust, Series 2022-2A, Class D |  |
| 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.710%, 10/16/28 (B) | 772129 |
|  | Flagship Credit Auto Trust, Series 2022-3, Class C |  |
| 289599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.990%, 07/17/28 (B) | 289391 |
|  | Flagship Credit Auto Trust, Series 2022-3, Class D |  |
| 1220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 07/17/28 (B) | 1146884 |
|  | Flagship Credit Auto Trust, Series 2022-4, Class C |  |
| 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.710%, 10/16/28 (B) | 172284 |
|  | Flagship Credit Auto Trust, Series 2023-1, Class C |  |
| 425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.430%, 05/15/29 (B) | 424117 |
|  | Flagship Credit Auto Trust, Series 2023-3, Class C |  |
| 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.010%, 07/16/29 (B) | 626050 |
|  | Flagship Credit Auto Trust, Series 2024-3, Class B |  |
| 270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.350%, 07/16/29 (B) | 270053 |
|  | Fora Financial Asset Securitization, Series 2024-1A, Class D |  |
| 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.010%, 08/15/29 (B) | 3019356 |
|  | Fortiva Retail Credit Master Note Business Trust, Series 2024-ONE, Class C  | Fortiva Retail Credit Master Note Business Trust, Series 2024-ONE, Class C  |
| 5270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.560%, 11/15/29 (B) | 5319927 |
|  | Foundation Finance Trust, Series 2024-2A, Class E |  |
| 1068117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.350%, 03/15/50 (B) | 1106937 |
|  | Foursight Capital Automobile Receivables Trust, Series 2023-2, Class E | Foursight Capital Automobile Receivables Trust, Series 2023-2, Class E |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.980%, 07/15/30 (B) | 1061478 |
|  | Foursight Capital Automobile Receivables Trust, Series 2024-1, Class E | Foursight Capital Automobile Receivables Trust, Series 2024-1, Class E |
| 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.250%, 05/15/31 (B) | 1331278 |
|  | Garnet CLO, Series 2025-3A, Class D1 |  |
| 4275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.583%, TSFR3M + 2.800%, 10/20/38 (A)(B) | 4285294 |
|  | Garnet CLO, Series 2025-2A, Class D1 |  |
| 1845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.181%, TSFR3M + 3.100%, 10/20/38 (A)(B) | 1856249 |

---

\| **3**

Portfolio of Investments — as of January 31, 2026 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Asset-Backed Securities — 59.7% (continued)** | **Asset-Backed Securities — 59.7% (continued)** | **Asset-Backed Securities — 59.7% (continued)** |
|  | GGAM Master Trust International, Series 2025-1A, Class A |  |
| $2523762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.923%, 09/30/60 (B) | $2526941 |
|  | GITSIT Mortgage Loan Trust, Series 2025-NPL1, Class A1 |  |
| 1524580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.276%, 02/25/55 (B)(D) | 1526051 |
|  | GITSIT Mortgage Loan Trust, Series 2025-NPL1, Class A2 |  |
| 3436000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.837%, 02/25/55 (B)(D) | 3442471 |
|  | Global SC Finance X, Series 2025-1H, Class B |  |
| 1890900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.848%, 09/20/45 (B) | 1899609 |
|  | Harbour Aircraft Investments, Series 2017-1, Class A |  |
| 4296575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 11/15/37 | 4034291 |
|  | Harbour Aircraft Investments, Series 2017-1, Class C |  |
| 9106654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.000%, 11/15/37 | 6383182 |
|  | Hardee's Funding, Series 2024-1A, Class A2 |  |
| 235800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.253%, 03/20/54 (B) | 243805 |
|  | Hilton Grand Vacations Trust, Series 2022-2A, Class C |  |
| 218991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.570%, 01/25/37 (B) | 220926 |
|  | Hilton Grand Vacations Trust, Series 2024-1B, Class D |  |
| 156009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.850%, 09/15/39 (B) | 160778 |
|  | Hilton Grand Vacations Trust, Series 2025-3EXT, Class D |  |
| 854980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.380%, 10/25/44 (B) | 856327 |
|  | Horizon Aircraft Finance I, Series 2018-1, Class B |  |
| 1171040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.270%, 12/15/38 (B) | 1094920 |
|  | Huntington Bank Auto Credit-Linked Notes Series, Series 2024-1, Class C | Huntington Bank Auto Credit-Linked Notes Series, Series 2024-1, Class C |
| 208421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.853%, SOFR30A + 3.150%, 05/20/32 (A)(B) | 210497 |
|  | Island Finance Trust, Series 2025-1A, Class C |  |
| 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.000%, 03/19/35 (B) | 510014 |
|  | Kapitus Asset Securitization IV, Series 2024-1A, Class D |  |
| 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.900%, 09/10/31 (B) | 1098160 |
|  | Kapitus Asset Securitization IV, Series 2025-1A, Class 1D |  |
| 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.900%, 09/10/31 (B) | 1497492 |
|  | Kapitus Asset Securitization V, Series 2025-1A, Class D |  |
| 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.920%, 04/10/32 (B) | 2501487 |
|  | KDAC Aviation Finance, Series 2017-1A, Class C |  |
| 15406845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.385%, 12/15/42 (B) | 15374277 |
|  | Kestrel Aircraft Funding, Series 2018-1A, Class A |  |
| 379261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 12/15/38 (B) | 379459 |
|  | KKR CLO, Series 2018-23, Class F |  |
| 840000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.779%, TSFR3M + 8.112%, 10/20/31 (A)(B) | 775755 |
|  | Labrador Aviation Finance, Series 2016-1A, Class A1 |  |
| 1482499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.300%, 01/15/42 (B) | 1487717 |

---

**4** \|

Portfolio of Investments — as of January 31, 2026 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Asset-Backed Securities — 59.7% (continued)** | **Asset-Backed Securities — 59.7% (continued)** | **Asset-Backed Securities — 59.7% (continued)** |
|  | Labrador Aviation Finance, Series 2016-1A, Class B1 |  |
| $1020323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.682%, 01/15/42 (B) | $1020344 |
|  | Lendmark Funding Trust, Series 2025-1A, Class D |  |
| 665000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.480%, 09/20/34 (B) | 681312 |
|  | Mariner Finance Issuance Trust, Series 2024-AA, Class D |  |
| 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.770%, 09/22/36 (B) | 255800 |
|  | Mercury Financial Credit Card Master Trust, Series 2024-2A, Class A | Mercury Financial Credit Card Master Trust, Series 2024-2A, Class A |
| 1430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.560%, 07/20/29 (B) | 1434884 |
|  | Mercury Financial Credit Card Master Trust, Series 2025-1A, Class C | Mercury Financial Credit Card Master Trust, Series 2025-1A, Class C |
| 3420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.290%, 12/22/31 (B) | 3413430 |
|  | Mission Lane Credit Card Master Trust, Series 2025-A, Class D |  |
| 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.890%, 05/15/30 (B) | 3446386 |
|  | Neuberger Berman Loan Advisers CLO, Series 2025-59A, Class A1 | Neuberger Berman Loan Advisers CLO, Series 2025-59A, Class A1 |
| 3810000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.961%, TSFR3M + 1.290%, 01/23/39 (A)(B) | 3821773 |
|  | OCP CLO, Series 2024-17A, Class ER2 |  |
| 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.918%, TSFR3M + 6.250%, 07/20/37 (A)(B) | 3496636 |
|  | Octane Receivables Trust, Series 2024-2A, Class E |  |
| 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.040%, 07/20/32 (B) | 1339842 |
|  | Octane Receivables Trust, Series 2024-1A, Class E |  |
| 1872000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.820%, 08/20/31 (B) | 1947551 |
|  | OHA Credit Funding, Series 2025-2A, Class AR2 |  |
| 2300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.910%, TSFR3M + 1.240%, 01/21/38 (A)(B) | 2304858 |
|  | OHA Loan Funding, Series 2025-1A, Class D1R4 |  |
| 2145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.318%, TSFR3M + 2.650%, 10/19/38 (A)(B) | 2154419 |
|  | OnDeck Asset Securitization Trust IV, Series 2024-2A, Class C |  |
| 420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.030%, 10/17/31 (B) | 424456 |
|  | OWN Equipment Fund I, Series 2024-2M, Class A |  |
| 1784487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.700%, 12/20/32 (B) | 1808489 |
|  | Palmer Square CLO, Series 2025-1A, Class AR |  |
| 4205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.918%, TSFR3M + 1.250%, 01/20/38 (A)(B) | 4217918 |
|  | Perimeter Master Note Business Trust, Series 2025-1A, Class C |  |
| 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.490%, 12/16/30 (B) | 4896776 |
|  | Polen Capital CLO, Series 2025-1A, Class E |  |
| 3905000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.318%, TSFR3M + 5.650%, 03/06/38 (A)(B) | 3965071 |
|  | Polen Capital CLO, Series 2025-2A, Class E |  |
| 4300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.660%, TSFR3M + 5.950%, 01/20/39 (A)(B) | 4393370 |
|  | QTS Issuer ABS II, Series 2025-1A, Class B |  |
| 730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.778%, 10/05/55 (B) | 712246 |
|  | Raptor Aircraft Finance I, Series 2019-1, Class A |  |
| 1365027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.213%, 08/23/44 (B) | 1258935 |

---

\| **5**

Portfolio of Investments — as of January 31, 2026 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Asset-Backed Securities — 59.7% (continued)** | **Asset-Backed Securities — 59.7% (continued)** | **Asset-Backed Securities — 59.7% (continued)** |
|  | RFS Asset Securitization II, Series 2024-1, Class E |  |
| $2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.782%, 07/15/31 (B) | $2522784 |
|  | RFS Asset Securitization V, Series 2025-1, Class D |  |
| 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.114%, 05/15/32 (B) | 907286 |
|  | Rockford Tower CLO, Series 2017-3A, Class D |  |
| 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.579%, TSFR3M + 2.912%, 10/20/30 (A)(B) | 251388 |
|  | Santander Bank Auto Credit-Linked Notes Series 2025-A, Series 2025-A, Class G  | Santander Bank Auto Credit-Linked Notes Series 2025-A, Series 2025-A, Class G  |
| 1315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.049%, 01/16/34 (B) | 1318314 |
|  | Santander Drive Auto Receivables Trust, Series 2024-3, Class D |  |
| 2090000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.970%, 10/15/31 | 2147762 |
|  | SBNA Auto Receivables Trust, Series 2025-SF1, Class F |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.710%, 06/15/33 (B) | 1016306 |
|  | SCF Equipment Leasing, Series 2022-2A, Class E |  |
| 3580740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 06/20/35 (B) | 3583056 |
|  | SCF Equipment Leasing, Series 2023-1A, Class E |  |
| 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 07/21/36 (B) | 1535745 |
|  | Securitized Term Auto Receivables Trust, Series 2025-A, Class D |  |
| 595685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.746%, 07/25/31 (B) | 609066 |
|  | Sierra Timeshare Receivables Funding, Series 2023-1A, Class D |  |
| 316176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.800%, 01/20/40 (B) | 331090 |
|  | Sierra Timeshare Receivables Funding, Series 2024-1A, Class D |  |
| 375649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.020%, 01/20/43 (B) | 384085 |
|  | SLAM, Series 2025-1 |  |
| 2992759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.472%, 12/15/50 (B) | 3012774 |
|  | Stellar Jay Ireland DAC, Series 2021-1, Class A |  |
| 94653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.967%, 10/15/41 (B) | 93532 |
|  | Stream Innovations Issuer Trust, Series 2024-1A, Class C |  |
| 4098097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.400%, 07/15/44 (B) | 4544651 |
|  | Stream Innovations Issuer Trust, Series 2024-2A, Class C |  |
| 985822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.050%, 02/15/45 (B) | 1036278 |
|  | Stream Innovations Issuer Trust, Series 2025-1A, Class D |  |
| 639537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.400%, 09/15/45 (B) | 651740 |
|  | Sunnova Helios II Issuer, Series 2018-1A, Class A |  |
| 125584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.870%, 07/20/48 (B) | 121586 |
|  | Sunnova Helios II Issuer, Series 2019-AA, Class A |  |
| 374848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 06/20/46 (B) | 344137 |
|  | Sunnova Helios V Issuer, Series 2021-A, Class B |  |
| 2880488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.150%, 02/20/48 (B) | 1488110 |

---

**6** \|

Portfolio of Investments — as of January 31, 2026 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Asset-Backed Securities — 59.7% (continued)** | **Asset-Backed Securities — 59.7% (continued)** | **Asset-Backed Securities — 59.7% (continued)** |
|  | Sunnova Helios XIII Issuer, Series 2024-A, Class A |  |
| $3193380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.300%, 02/20/51 (B) | $2744281 |
|  | Sunrun Atlas Issuer, Series 2019-2, Class A |  |
| 2592264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.610%, 02/01/55 (B) | 2499992 |
|  | Sunrun Demeter Issuer, Series 2021-2A, Class A |  |
| 485695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.270%, 01/30/57 (B) | 442769 |
|  | Sunrun Vulcan Issuer, Series 2021-1A, Class A |  |
| 769821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.460%, 01/30/52 (B) | 710157 |
|  | Sycamore Tree CLO, Series 2024-1A, Class ER |  |
| 3750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.508%, TSFR3M + 6.840%, 01/20/38 (A)(B) | 3690450 |
|  | Symetra CLO, Series 2025-1A, Class E |  |
| 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.418%, TSFR3M + 5.750%, 04/20/38 (A)(B) | 4028696 |
|  | Textainer Marine Containers VII, Series 2021-1A, Class B |  |
| 422926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.520%, 02/20/46 (B) | 396787 |
|  | Thunderbolt III Aircraft Lease, Series 2019-1, Class B |  |
| 135503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 11/15/39 (B) | 133743 |
|  | TIC Home Improvement Trust, Series 2024-A, Class C |  |
| 1145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.730%, 10/15/46 (B) | 1162212 |
|  | TMCL VII Holdings, Series 2025-1H, Class B |  |
| 2793405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.060%, 07/23/50 (B) | 2800843 |
|  | Tricon American Homes Trust, Series 2020-SFR1, Class F |  |
| 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.882%, 07/17/38 (B) | 159303 |
|  | Uniti Fiber Abs Issuer, Series 2025-2A, Class C |  |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.834%, 01/20/56 (B) | 2041222 |
|  | Vivint Solar Financing V, Series 2018-1A, Class A |  |
| 934149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.730%, 04/30/48 (B) | 907936 |
|  | Volofin Finance Designated Activity, Series 2024-1A, Class B |  |
| 755170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.211%, 06/15/37 (B) | 776352 |
|  | VStrong Auto Receivables Trust, Series 2023-A, Class C |  |
| 2845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.040%, 02/15/30 (B) | 3004781 |
|  | WAVE, Series 2019-1, Class C |  |
| 2651062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.413%, 09/15/44 (B) | 2386011 |
|  | Willis Engine Structured Trust VI, Series 2021-A, Class A |  |
| 1195854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.104%, 05/15/46 (B) | 1131196 |
|  | Willis Engine Structured Trust VII, Series 2023-A, Class A |  |
| 350430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 10/15/48 (B) | 359418 |
|  | **Total Asset-Backed Securities** |  |
|  | (Cost $237,992,140) | 266383097 |

---

\| **7**

Portfolio of Investments — as of January 31, 2026 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Commercial Mortgage-Backed Obligations — 18.9%** | **Commercial Mortgage-Backed Obligations — 18.9%** | **Commercial Mortgage-Backed Obligations — 18.9%** |
|  | Aventura Mall Trust, Series 2018-AVM, Class A |  |
| $3760000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.112%, 07/05/40 (A)(B) | $3732426 |
|  | BANK, Series 2021-BN34, Class A5 |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.438%, 06/15/63 | 887194 |
|  | BB-UBS Trust, Series 2012-TFT, Class C |  |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.559%, 06/05/30 (A)(B) | 1379980 |
|  | Benchmark Mortgage Trust, Series 2021-B31, Class A5 |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.669%, 12/15/54 | 898319 |
|  | BFLD Commercial Mortgage Trust, Series 2025-660F, Class D |  |
| 620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.430%, TSFR1M + 2.750%, 11/15/42 (A)(B) | 624067 |
|  | BPR Trust, Series 2021-NRD, Class E |  |
| 2030000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.302%, TSFR1M + 5.621%, 12/15/38 (A)(B) | 2013052 |
|  | BPR Trust, Series 2021-NRD, Class F |  |
| 2545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.551%, TSFR1M + 6.870%, 12/15/38 (A)(B) | 2493184 |
|  | BPR Trust, Series 2022-SSP, Class D |  |
| 2170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.311%, TSFR1M + 6.631%, 05/15/39 (A)(B) | 2165730 |
|  | BX Commercial Mortgage Trust, Series 2024-VLT5, Class A |  |
| 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.591%, 11/13/46 (A)(B) | 763359 |
|  | BX Trust, Series 2025-VLT7, Class B |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.680%, TSFR1M + 2.000%, 07/15/44 (A)(B) | 1003750 |
|  | BX Trust, Series 2025-DELC, Class C |  |
| 1725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.880%, TSFR1M + 2.200%, 12/15/42 (A)(B) | 1735781 |
|  | CG-CCRE Commercial Mortgage Trust, Series 2014-FL2, Class COL1 | CG-CCRE Commercial Mortgage Trust, Series 2014-FL2, Class COL1 |
| 915044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.295%, TSFR1M + 3.614%, 11/15/31 (A)(B) | 140869 |
|  | CG-CCRE Commercial Mortgage Trust, Series 2014-FL2, Class COL2 | CG-CCRE Commercial Mortgage Trust, Series 2014-FL2, Class COL2 |
| 2228132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.295%, TSFR1M + 4.614%, 11/15/31 (A)(B) | 114448 |
|  | Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class D | Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class D |
| 4790000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.709%, 05/10/47 (A)(B) | 4482816 |
|  | COMM Mortgage Trust, Series 2012-LC4, Class D |  |
| 1594668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.400%, 12/10/44 (A)(B) | 1209875 |
|  | COMM Mortgage Trust, Series 2012-CCRE3, Class D |  |
| 1005000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.291%, 10/15/45 (A)(B) | 838296 |
|  | COMM Mortgage Trust, Series 2014-UBS4, Class AM |  |
| 711285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.968%, 08/10/47 | 688169 |
|  | COMM Mortgage Trust, Series 2024-CBM, Class A2 |  |
| 1065000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.867%, 12/10/41 (A)(B) | 1081304 |
|  | CSMC OA, Series 2014-USA, Class C |  |
| 985000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.336%, 09/15/37 (B) | 850906 |
|  | CSMC OA, Series 2014-USA, Class D |  |
| 955000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.373%, 09/15/37 (B) | 810628 |

---

**8** \|

Portfolio of Investments — as of January 31, 2026 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Commercial Mortgage-Backed Obligations — 18.9% (continued)** | **Commercial Mortgage-Backed Obligations — 18.9% (continued)** | **Commercial Mortgage-Backed Obligations — 18.9% (continued)** |
|  | CSMC OA, Series 2014-USA, Class E |  |
| $11475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.373%, 09/15/37 (B) | $9090789 |
|  | DC Commercial Mortgage Trust, Series 2023-DC, Class C |  |
| 1510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.141%, 09/12/40 (A)(B) | 1560144 |
|  | DC Commercial Mortgage Trust, Series 2023-DC, Class D |  |
| 1370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.141%, 09/12/40 (A)(B) | 1384631 |
|  | Extended Stay America Trust, Series 2025-ESH, Class A |  |
| 430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.980%, TSFR1M + 1.300%, 10/15/42 (A)(B) | 431880 |
|  | GFH Mortgage Trust, Series 2025-IND, Class A |  |
| 3330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.148%, 06/15/33 (B) | 3355738 |
|  | GS Mortgage Securities Trust, Series 2011-GC5, Class C |  |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.141%, 08/10/44 (A)(B) | 92042 |
|  | GS Mortgage Securities Trust, Series 2012-BWTR, Class A |  |
| 3675227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.954%, 11/05/34 (B) | 3267285 |
|  | GS Mortgage Securities Trust, Series 2013-PEMB, Class A |  |
| 1005000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.550%, 03/05/33 (A)(B) | 741816 |
|  | GS Mortgage Securities Trust, Series 2013-GC13, Class C |  |
| 610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.858%, 07/10/46 (A)(B) | 570350 |
|  | GS Mortgage Securities Trust, Series 2014-GC22, Class B |  |
| 6605000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.391%, 06/10/47 (A) | 5393014 |
|  | GS Mortgage Securities Trust, Series 2014-GC22, Class D |  |
| 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.668%, 06/10/47 (A)(B) | 389910 |
|  | GS Mortgage Securities Trust, Series 2023-SHIP, Class B |  |
| 3440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.936%, 09/10/38 (A)(B) | 3441367 |
|  | Hudsons Bay Simon JV Trust, Series 2015-HB10, Class A10 |  |
| 3375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.155%, 08/05/34 (B) | 3364484 |
|  | JPMorgan Chase Commercial Mortgage Securities Trust, Series 2011-C3, Class C  | JPMorgan Chase Commercial Mortgage Securities Trust, Series 2011-C3, Class C  |
| 2490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.360%, 02/15/46 (A)(B) | 2386410 |
|  | JPMorgan Chase Commercial Mortgage Securities Trust, Series 2013-LC11, Class C  | JPMorgan Chase Commercial Mortgage Securities Trust, Series 2013-LC11, Class C  |
| 945000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.958%, 04/15/46 (A) | 330750 |
|  | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C11, Class B  | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C11, Class B  |
| 3330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.166%, 08/15/46 (A) | 2072958 |
|  | Morgan Stanley Capital I Trust, Series 2013-ALTM, Class E |  |
| 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.828%, 02/05/35 (A)(B) | 1971200 |
|  | MSBAM Commercial Mortgage Securities Trust, Series 2012-CKSV, Class C  | MSBAM Commercial Mortgage Securities Trust, Series 2012-CKSV, Class C  |
| 830000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.280%, 10/15/30 (A)(B) | 91549 |

---

\| **9**

Portfolio of Investments — as of January 31, 2026 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Commercial Mortgage-Backed Obligations — 18.9% (continued)** | **Commercial Mortgage-Backed Obligations — 18.9% (continued)** | **Commercial Mortgage-Backed Obligations — 18.9% (continued)** |
|  | MSBAM Commercial Mortgage Securities Trust, Series 2012-CKSV, Class D | MSBAM Commercial Mortgage Securities Trust, Series 2012-CKSV, Class D |
| $400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.280%, 10/15/30 (A)(B) | $3940 |
|  | NY Commercial Mortgage Trust, Series 2025-299P, Class A |  |
| 5970000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.664%, 02/10/47 (A)(B) | 6298526 |
|  | Starwood Retail Property Trust, Series 2014-STAR, Class A |  |
| 323792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, PRIME + 0.000%, 11/15/27 (A)(B) | 194275 |
|  | Starwood Retail Property Trust, Series 2014-STAR, Class E |  |
| 3185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, PRIME + 0.000%, 11/15/27 (A)(B)(E) | 15925 |
|  | Starwood Retail Property Trust, Series 2014-STAR, Class F |  |
| 34224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, PRIME + 0.000%, 11/15/27 (A)(B)(E) | 34 |
|  | UBS Commercial Mortgage Trust, Series 2018-C14, Class C |  |
| 1885000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.217%, 12/15/51 (A) | 1777266 |
|  | Wells Fargo Commercial Mortgage Trust, Series 2016-C36, Class C | Wells Fargo Commercial Mortgage Trust, Series 2016-C36, Class C |
| 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.098%, 11/15/59 (A) | 424430 |
|  | Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class C | Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class C |
| 2902000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.055%, 06/15/49 (A) | 2711374 |
|  | WFRBS Commercial Mortgage Trust, Series 2011-C4, Class D |  |
| 439473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.997%, 06/15/44 (A)(B) | 432134 |
|  | WFRBS Commercial Mortgage Trust, Series 2011-C3, Class D |  |
| 854828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.050%, 03/15/44 (A)(B) | 307755 |
|  | WFRBS Commercial Mortgage Trust, Series 2011-C4, Class E |  |
| 1680000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.997%, 06/15/44 (A)(B) | 1606080 |
|  | WFRBS Commercial Mortgage Trust, Series 2012-C10, Class C |  |
| 2130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.310%, 12/15/45 (A) | 1799850 |
|  | WFRBS Commercial Mortgage Trust, Series 2013-C15, Class B |  |
| 1117979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.151%, 08/15/46 (A) | 1086676 |
|  | **Total Commercial Mortgage-Backed Obligations** |  |
|  | (Cost $92,766,177) | 84508735 |
| **Residential Mortgage-Backed Obligations — 12.2%**  | **Residential Mortgage-Backed Obligations — 12.2%**  | **Residential Mortgage-Backed Obligations — 12.2%**  |
|  | Alternative Loan Trust, Series 2004-J3, Class 1A1 |  |
| 65189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 04/25/34 (E) | 65920 |
|  | Alternative Loan Trust, Series 2004-J10, Class 2CB1 |  |
| 124831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 09/25/34 (E) | 127159 |
|  | Alternative Loan Trust, Series 2004-28CB, Class 5A1 |  |
| 80109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 01/25/35 (E) | 80184 |
|  | Alternative Loan Trust, Series 2004-14T2, Class A11 |  |
| 137467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 08/25/34 (E) | 137056 |

---

**10** \|

Portfolio of Investments — as of January 31, 2026 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Residential Mortgage-Backed Obligations — 12.2% (continued)** | **Residential Mortgage-Backed Obligations — 12.2% (continued)** | **Residential Mortgage-Backed Obligations — 12.2% (continued)** |
|  | Banc of America Alternative Loan Trust, Series 2003-8, Class 1CB1 | Banc of America Alternative Loan Trust, Series 2003-8, Class 1CB1 |
| $198844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 10/25/33 (E) | $201367 |
|  | Banc of America Funding Trust, Series 2005-7, Class 3A1 |  |
| 206178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 11/25/35 (E) | 210326 |
|  | Banc of America Funding Trust, Series 2007-4, Class 5A1 |  |
| 48137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 11/25/34 (E) | 42436 |
|  | CHL Mortgage Pass-Through Trust, Series 2004-12, Class 8A1 |  |
| 170502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.957%, 08/25/34 (A)(E) | 166558 |
|  | CIM TRUST, Series 2022-R2, Class A1 |  |
| 694353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 12/25/61 (A)(B) | 663918 |
|  | Citigroup Mortgage Loan Trust, Series 2005-3, Class 2A3 |  |
| 403720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.380%, 08/25/35 (A)(E) | 324763 |
|  | Citigroup Mortgage Loan Trust, Series 2009-10, Class 6A2 |  |
| 118798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.277%, 09/25/34 (A)(B)(E) | 109627 |
|  | Citigroup Mortgage Loan Trust, Series 2010-9, Class 2A2 |  |
| 179837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.040%, T1Y + 2.400%, 11/25/35 (A)(B)(E) | 175921 |
|  | Citigroup Mortgage Loan Trust, Series 2019-RP1, Class M3 |  |
| 1005000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/25/66 (A)(B) | 907158 |
|  | Connecticut Avenue Securities Trust, Series 2021-R01, Class 1B1 | Connecticut Avenue Securities Trust, Series 2021-R01, Class 1B1 |
| 730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.797%, SOFR30A + 3.100%, 10/25/41 (A)(B) | 740950 |
|  | Deutsche Mortgage Securities Mortgage Loan Trust, Series 2004-1, Class 3A5  | Deutsche Mortgage Securities Mortgage Loan Trust, Series 2004-1, Class 3A5  |
| 431556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.160%, 12/25/33 (D)(E) | 428518 |
|  | Deutsche Mortgage Securities Mortgage Loan Trust, Series 2004-4, Class 7AR1  | Deutsche Mortgage Securities Mortgage Loan Trust, Series 2004-4, Class 7AR1  |
| 20115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.137%, TSFR1M + 0.464%, 06/25/34 (A)(E) | 18719 |
|  | FHLMC POOL, Series 2023-2326 |  |
| 6920000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.450%, 12/01/32 | 6897610 |
|  | FHLMC REMIC, Series 2023-5365, Class LY |  |
| 2413466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 12/25/53 | 2543864 |
|  | FHLMC STACR REMIC Trust, Series 2022-DNA7, Class M1B |  |
| 1845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.697%, SOFR30A + 5.000%, 03/25/52 (A)(B) | 1960085 |
|  | IndyMac Index Mortgage Loan Trust, Series 2004-AR6, Class 4A | IndyMac Index Mortgage Loan Trust, Series 2004-AR6, Class 4A |
| 473574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.595%, 10/25/34 (A)(E) | 458568 |
|  | IndyMac Index Mortgage Loan Trust, Series 2005-AR11, Class A3 | IndyMac Index Mortgage Loan Trust, Series 2005-AR11, Class A3 |
| 787279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.632%, 08/25/35 (A) | 577561 |
|  | JPMorgan Mortgage Trust, Series 2004-S1, Class 2A1 |  |
| 685345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 09/25/34 | 708660 |
|  | Lehman Mortgage Trust, Series 2007-9, Class 1A1 |  |
| 50259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 10/25/37 (E) | 47481 |

---

\| **11**

Portfolio of Investments — as of January 31, 2026 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Residential Mortgage-Backed Obligations — 12.2% (continued)** | **Residential Mortgage-Backed Obligations — 12.2% (continued)** | **Residential Mortgage-Backed Obligations — 12.2% (continued)** |
|  | Lehman XS Trust, Series 2006-2N, Class 1A1 |  |
| $376547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.307%, TSFR1M + 0.634%, 02/25/46 (A)(E) | $342699 |
|  | MASTR Adjustable Rate Mortgages Trust, Series 2005-2, Class 3A1 | MASTR Adjustable Rate Mortgages Trust, Series 2005-2, Class 3A1 |
| 591193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.395%, 03/25/35 (A)(E) | 526529 |
|  | MASTR Adjustable Rate Mortgages Trust, Series 2006-2, Class 1A1 | MASTR Adjustable Rate Mortgages Trust, Series 2006-2, Class 1A1 |
| 244561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.682%, 04/25/36 (A)(E) | 237521 |
|  | MASTR Alternative Loan Trust, Series 2003-9, Class 4A1 |  |
| 137146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 11/25/33 (E) | 138459 |
|  | MASTR Alternative Loan Trust, Series 2004-2, Class 8A4 |  |
| 1497588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 03/25/34 | 1365024 |
|  | MASTR Alternative Loan Trust, Series 2004-5, Class 1A1 |  |
| 106485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 06/25/34 (E) | 107830 |
|  | MASTR Alternative Loan Trust, Series 2004-5, Class 2A1 |  |
| 140389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/25/34 (E) | 144425 |
|  | MASTR Alternative Loan Trust, Series 2004-8, Class 2A1 |  |
| 395992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 09/25/34 (E) | 399557 |
|  | Mill City Mortgage Loan Trust, Series 2021-NMR1, Class M3 |  |
| 730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 11/25/60 (A)(B) | 616220 |
|  | Morgan Stanley Mortgage Loan Trust, Series 2005-7, Class 7A5 |  |
| 89050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 11/25/35 (E) | 77860 |
|  | New Residential Mortgage Loan Trust, Series 2024-RPL1, Class B2 | New Residential Mortgage Loan Trust, Series 2024-RPL1, Class B2 |
| 1195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.873%, 01/25/64 (A)(B) | 967816 |
|  | NYMT Loan Trust Series, Series 2024-BPL2, Class M |  |
| 4250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.410%, 05/25/39 (B) | 4294028 |
|  | NYMT Loan Trust Series, Series 2024-BPL3, Class M1 |  |
| 2470000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.903%, 09/25/39 (A)(B) | 2480474 |
|  | PRET, Series 2024-NPL7, Class A1 |  |
| 195905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.925%, 10/25/54 (B)(D) | 196049 |
|  | PRET, Series 2025-NPL8, Class A1 |  |
| 2943539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.732%, 08/25/55 (B)(D) | 2955774 |
|  | PRPM, Series 2025-2, Class A2 |  |
| 4085000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.560%, 05/25/30 (B)(D) | 4087680 |
|  | RCO VIII Mortgage, Series 2025-3, Class A2 |  |
| 958000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.836%, 05/25/30 (B)(D) | 962845 |
|  | Redwood Funding Trust, Series 2025-1, Class A |  |
| 2757849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.584%, 05/27/55 (B)(D) | 2756164 |
|  | RFMSI Series Trust, Series 2005-SA1, Class 1A1 |  |
| 1390170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.118%, 03/25/35 (A) | 861115 |
|  | Roc Mortgage Trust, Series 2024-RTL1, Class M1 |  |
| 3740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.277%, 10/25/39 (A)(B) | 3798149 |

---

**12** \|

Portfolio of Investments — as of January 31, 2026 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Residential Mortgage-Backed Obligations — 12.2% (continued)** | **Residential Mortgage-Backed Obligations — 12.2% (continued)** | **Residential Mortgage-Backed Obligations — 12.2% (continued)** |
|  | Structured Adjustable Rate Mortgage Loan Trust, Series 2005-14, Class A1 | Structured Adjustable Rate Mortgage Loan Trust, Series 2005-14, Class A1 |
| $2458159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.097%, TSFR1M + 0.424%, 07/25/35 (A) | $1422573 |
|  | Towd Point Mortgage Trust, Series 2018-4, Class A2 |  |
| 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 06/25/58 (A)(B) | 947719 |
|  | Towd Point Mortgage Trust, Series 2018-5, Class M1 |  |
| 505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 07/25/58 (A)(B) | 430582 |
|  | Towd Point Mortgage Trust, Series 2019-2, Class M1 |  |
| 890000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 12/25/58 (A)(B) | 780506 |
|  | Towd Point Mortgage Trust, Series 2020-4, Class M1 |  |
| 2300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875%, 10/25/60 (B) | 1816179 |
|  | TVC Mortgage Trust, Series 2024-RRTL1, Class M1 |  |
| 3610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.415%, 07/25/39 (B)(D) | 3635407 |
|  | VOLT XCIV, Series 2021-NPL3, Class A2 |  |
| 231539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.949%, 02/27/51 (B)(D) | 231689 |
|  | **Total Residential Mortgage-Backed Obligations** |  |
|  | (Cost $55,425,938) | 54175282 |
| **Corporate Obligations — 1.3%** | **Corporate Obligations — 1.3%** | **Corporate Obligations — 1.3%** |
|  | Gitsit Solutions |  |
| 2875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 11/15/29 (B)(E) | 2898287 |
|  | PG&E Wildfire Recovery Funding |  |
| 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.263%, 06/01/36 | 2917409 |
|  | **Total Corporate Obligations** |  |
|  | (Cost $5,874,850) | 5815696 |
| **Other Investment — 0.0%** | **Other Investment — 0.0%** | **Other Investment — 0.0%** |
|  | ECAF I BLOCKER Ltd. |  |
| 900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03/15/40 (C)(E) |  |
|  | **Total Other Investment** |  |
|  | (Cost $9,000,000) |  |

---

\| **13**

Portfolio of Investments — as of January 31, 2026 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Short-Term Investment — 7.8%** | **Short-Term Investment — 7.8%** | **Short-Term Investment — 7.8%** |
|  | First American Treasury Obligations Fund, X Class |  |
| 35008668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%(F) | $35008668 |
|  | **Total Short-Term Investment** |  |
|  | (Cost $35,008,668) | 35008668 |
|  | **Total Investments — 99.9%** |  |
|  | (Cost $436,067,773) | 445891478 |
|  | &nbsp;&nbsp;&nbsp;Other Assets and Liabilities, net — 0.1% | 404960 |
|  | **Net Assets — 100.0%** | $446296438 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(A) Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.

(B) Securities sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." The total value of these securities at January 31, 2026, was $352,232,016, representing 78.9% of Net Assets of the Portfolio. All securities are considered liquid unless otherwise noted.

(C) No interest rate available.

(D) Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

(E) Level 3 security in accordance with fair value hierarchy.

(F) The rate reported is the 7-day effective yield as of January 31, 2026.

CLO — Collateralized Loan Obligation

DAC — Designated Activity Company

FHLMC — Federal Home Loan Mortgage Corporation

Ltd. — Limited

REMIC — Real Estate Mortgage Investment Conduit

SOFR30A — Secured Overnight Financing Rate 30-day Average

STACR — Structured Agency Credit Risk

T1Y — Secured Overnight Financing 12 Month

TSFR1M — Term Secured Overnight Financing Rate 1 Month

TSFR3M — Term Secured Overnight Financing Rate 3 Months

Amounts designated as "—" are $0.

**14** \|

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ADVISORS' INNER CIRCLE FUND

- **b. Investment Company Act file number:** 811-06400

- **c. CIK number of Registrant:** 0000878719

- **d. LEI of Registrant:** 549300LRWL70Z8CGWD77

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

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

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

- **a. Name of Series:** Loomis Sayles Full Discretion Institutional Securitized Fund

- **b. EDGAR series identifier (if any):** S000032046

- **c. LEI of Series:** 549300C8LK6PMYW35J48

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $447666742.58

**Total Liabilities:** $1452220.09

**Net Assets:** $446214522.49

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -421.93299856 | **1-Year:** -5068.96297378 | **5-Year:** -16149.90693901 | **10-Year:** -12109.24672738 | **30-Year:** -576.52689071

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

- **3-Month:** -1692.97065744 | **1-Year:** -21362.80768538 | **5-Year:** -32861.43440949 | **10-Year:** -24231.07401720 | **30-Year:** -1771.22187924

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000099791 | 0.20%                | 1.57%                | 0.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1387181.63              | $-3149516.78                               |
| Month 2  | $695442.58               | $3478111.35                                |
| Month 3  | $461332.93               | $449977.81                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SUNRUN ATLAS ISSUER LLC                                | SUNRUN VULCAN ISSUER 2021-1 LLC SUNRN 2021-1A A                      | CUSIP: 86773QAA4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    769821 | PA      | $710156.74    | 0.16%             | 2052-01-30      | Fixed         | 2.46%                 | Yes           |                  2 | On Loan: No      |
| SIERRA TIMESHARE RECEIVABLES FUNDING LLC               | SIERRA TIMESHARE 2023-1 RECEIVABLES FUNDING LLC SRFC 2023-1A D       | CUSIP: 826943AD4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    316176 | PA      | $331089.78    | 0.07%             | 2040-01-20      | Fixed         | 9.80%                 | Yes           |                  2 | On Loan: No      |
| KKR FINANCIAL CLO, LTD.                                | KKR CLO 23 LTD KKR 23 F                                              | CUSIP: 48252XAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    840000 | PA      | $775755.12    | 0.17%             | 2031-10-20      | Floating      | 11.78%                | No            |                  2 | On Loan: No      |
| CITIBANK CREDIT CARD ISSUANCE TRUST                    | CITIBANK CREDIT CARD ISSUANCE TRUST CCCIT 2007-A3 A3                 | CUSIP: 17305EDT9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4670000 | PA      | $5186176.97   | 1.16%             | 2039-06-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS TRUST                           | HILTON GRAND VACATIONS TRUST 2024-1B HGVT 2024-1B D                  | CUSIP: 43283YAD5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    156009 | PA      | $160778.06    | 0.04%             | 2039-09-15      | Fixed         | 8.85%                 | Yes           |                  2 | On Loan: No      |
| MASTR ADJUSTABLE RATE MORTGAGE TRUST                   | MASTR ADJUSTABLE RATE MORTGAGES TRUST 2006-2 MARM 2006-2 1A1         | CUSIP: 576438AA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    244561 | PA      | $237521.28    | 0.05%             | 2036-04-25      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| PG&E WILDFIRE RECOVERY FUNDING LLC                     | PG&E WILDFIRE RECOVERY FUNDING LLC 4.263000% 06/01/2036              | CUSIP: 693342AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2917408.77   | 0.65%             | 2036-06-01      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| AASET TRUST                                            | AASET 2019-2 TRUST AASET 2019-2 C                                    | CUSIP: 00038RAC0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1349894 | PA      | $1333702.51   | 0.30%             | 2039-10-16      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE MORTGAGE SECURITIES MORTGAGE LOAN TRUST       | DEUTSCHE MORTGAGE SECURITIES INC MORTGAGE LOAN TRU DMSI 2004-4 7AR1  | CUSIP: 251563FD9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     20115 | PA      | $18719.33     | 0.00%             | 2034-06-25      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| OCP CLO LTD                                            | OCP CLO 2019-17 LTD OCP 2019-17A ER2                                 | CUSIP: 67113MAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3496636.50   | 0.78%             | 2037-07-20      | Floating      | 9.92%                 | Yes           |                  2 | On Loan: No      |
| APL FINANCE DESIGNATED ACTIVITY COMPANY                | APL FINANCE 2023-1 DAC ASHPL 2025-1A D                               | CUSIP: 03790CAJ0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   8157000 | PA      | $8074725.24   | 1.81%             | 2036-03-20      | Fixed         | 8.15%                 | Yes           |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO                                     | ROCKFORD TOWER CLO 2017-3 LTD ROCKT 2017-3A D                        | CUSIP: 77341DAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251387.75    | 0.06%             | 2030-10-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| AASET TRUST                                            | AASET 2020-1 TRUST AASET 2020-1A C                                   | CUSIP: 00255UAC9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3915655 | PA      | $3837528.24   | 0.86%             | 2040-01-16      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| STARWOOD RETAIL PROPERTY TRUST                         | STARWOOD RETAIL PROPERTY TRUST 2014-STAR SRPT 2014-STAR A            | CUSIP: 85571XAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    323792 | PA      | $194274.91    | 0.04%             | 2027-11-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| HARDEES FUNDING LLC                                    | HARDEE'S FUNDING LLC HNGRY 2024-1A A2                                | CUSIP: 411707AM4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    235800 | PA      | $243805.32    | 0.05%             | 2054-03-20      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                  | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C36 WFCM 2016-C36 C       | CUSIP: 95000MBV2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    500000 | PA      | $424430.15    | 0.10%             | 2059-11-15      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST | JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRU JPMCC 2013-LC11 C | CUSIP: 46639YAW7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    945000 | PA      | $330750.00    | 0.07%             | 2046-04-15      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA ALTERNATIVE LOAN TRUST                 | BANC OF AMERICA ALTERNATIVE LOAN TRUST 2003-8 BOAA 2003-8 1CB1       | CUSIP: 05948XTV3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    198844 | PA      | $201366.48    | 0.05%             | 2033-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEUBERGER BERMAN LOAN ADVISERS LLC                     | NEUBERGER BERMAN LOAN ADVISERS CLO 59 LTD NEUB 2024-59A A1           | CUSIP: 640962AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3810000 | PA      | $3821772.90   | 0.86%             | 2039-01-23      | Floating      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| WILLIS ENGINE STRUCTURED TRUST                         | WILLIS ENGINE STRUCTURED TRUST VII WESTF 2023-A A                    | CUSIP: 97064YAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    350430 | PA      | $359417.74    | 0.08%             | 2048-10-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| POLEN CAPITAL CLO LTD.                                 | POLEN CAPITAL CLO 2025-1 LTD POLEN 2025-1A E                         | CUSIP: 73110LAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3905000 | PA      | $3965070.62   | 0.89%             | 2038-03-06      | Floating      | 9.32%                 | Yes           |                  2 | On Loan: No      |
| SEACUBE CONTAINER CLIF                                 | CLIF HOLDINGS LLC CLIF 2025-1H A                                     | CUSIP: 18683CAA7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2340000 | PA      | $2350890.36   | 0.53%             | 2050-12-20      | Fixed         | 6.72%                 | Yes           |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2011-C4 WFRBS 2011-C4 E              | CUSIP: 92936CAY5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1680000 | PA      | $1606080.00   | 0.36%             | 2044-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2011-C3 WFRBS 2011-C3 D              | CUSIP: 92935VAS7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    854828 | PA      | $307755.19    | 0.07%             | 2044-03-15      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST                          | NY COMMERCIAL MORTGAGE TRUST 2025-299P NY 2025-299P A                | CUSIP: 62957FAA7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5970000 | PA      | $6298526.12   | 1.41%             | 2047-02-10      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| VIVINT SOLAR FINANCING V LLC                           | VIVINT SOLAR FINANCING V LLC VSLR 2018-1A A                          | CUSIP: 92854VAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    934149 | PA      | $907936.05    | 0.20%             | 2048-04-30      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| GFH MORTGAGE TRUST                                     | GFH 2025-IND MORTGAGE TRUST GFH 2025-IND A                           | CUSIP: 36171JAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3330000 | PA      | $3355737.57   | 0.75%             | 2033-06-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| POLEN CAPITAL CLO LTD.                                 | POLEN CAPITAL CLO 2025-2 LTD POLEN 2025-2A E                         | CUSIP: 73110CAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4300000 | PA      | $4393370.20   | 0.98%             | 2039-01-20      | Floating      | 9.66%                 | Yes           |                  2 | On Loan: No      |
| AIM AVIATION FINANCE LIMITED                           | AIM AVIATION FINANCE LTD DCAL 2015-1A B1                             | CUSIP: 001406AB3<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |   8883378 | PA      | $7286590.40   | 1.63%             | 2040-02-15      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| CLI FUNDING LLC                                        | CLI FUNDING VIII LLC CLIF 2025-R A                                   | CUSIP: 12572DAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1404839 | PA      | $1398093.39   | 0.31%             | 2050-06-21      | Fixed         | 6.61%                 | Yes           |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS TRUST                           | HILTON GRAND VACATIONS TRUST 2025-3EXT HGVT 2025-3EXT D              | CUSIP: 43283DAD1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    854980 | PA      | $856327.02    | 0.19%             | 2044-10-25      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST         | FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST 202 FCRT 2023-2 E     | CUSIP: 35104AAF5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1061477.70   | 0.24%             | 2030-07-15      | Fixed         | 10.98%                | Yes           |                  2 | On Loan: No      |
| LENDMARK FUNDING TRUST                                 | LENDMARK FUNDING TRUST 2025-1 LFT 2025-1A D                          | CUSIP: 52604QAD5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    665000 | PA      | $681312.52    | 0.15%             | 2034-09-20      | Fixed         | 6.48%                 | Yes           |                  2 | On Loan: No      |
| SYCAMORE TREE CLO LTD                                  | SYCAMORE TREE CLO 2021-1 LTD STCP 2021-1A ER                         | CUSIP: 87122WAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3750000 | PA      | $3690450.00   | 0.83%             | 2038-01-20      | Floating      | 10.51%                | Yes           |                  2 | On Loan: No      |
| BX TRUST                                               | BX TRUST 2025-DELC BX 2025-DELC C                                    | CUSIP: 05594MAE2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1725000 | PA      | $1735780.91   | 0.39%             | 2042-12-15      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SUNRUN ATLAS ISSUER LLC                                | SUNRUN ATLAS ISSUER 2019-2 LLC SUNRN 2019-2 A                        | CUSIP: 86772FAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2592264 | PA      | $2499992.42   | 0.56%             | 2055-02-01      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST                         | MORGAN STANLEY CAPITAL I TRUST 2013-ALTM MSC 2013-ALTM E             | CUSIP: 61690LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $1971200.00   | 0.44%             | 2035-02-05      | Floating      | 3.83%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST                         | CARVANA AUTO RECEIVABLES TRUST 2024-N3 CRVNA 2024-N3 E               | CUSIP: 14687WAG5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1250000 | PA      | $1258662.38   | 0.28%             | 2032-04-12      | Fixed         | 7.66%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC                      | CITIGROUP MORTGAGE LOAN TRUST 2010-9 CMLTI 2010-9 2A2                | CUSIP: 17317JAD2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    179837 | PA      | $175921.34    | 0.04%             | 2035-11-25      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST                               | BHG SECURITIZATION TRUST 2025-2CON BHG 2025-2CON E                   | CUSIP: 05494LAE5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1013603.90   | 0.23%             | 2036-09-17      | Fixed         | 7.76%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                    | CLSEC HOLDINGS 22T LLC CLAF 2021-1 C                                 | CUSIP: 12567UAC7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1969306 | PA      | $1953825.59   | 0.44%             | 2037-05-11      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC                      | CITIGROUP MORTGAGE LOAN TRUST 2009-10 CMLTI 2009-10 6A2              | CUSIP: 17316AAZ3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    118798 | PA      | $109626.93    | 0.02%             | 2034-09-25      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST                    | CONNECTICUT AVENUE SECURITIES TRUST 2021-R01 CAS 2021-R01 1B1        | CUSIP: 20754RAF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    730000 | PA      | $740950.00    | 0.17%             | 2041-10-25      | Floating      | 6.97%                 | Yes           |                  2 | On Loan: No      |
| BB-UBS TRUST                                           | BB-UBS TRUST BBUBS 2012-TFT C                                        | CUSIP: 05490AAE3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2000000 | PA      | $1379980.00   | 0.31%             | 2030-06-05      | Floating      | 3.56%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS TRUST                           | HILTON GRAND VACATIONS TRUST 2022-2 HGVT 2022-2A C                   | CUSIP: 43283GAC6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    218991 | PA      | $220926.00    | 0.05%             | 2037-01-25      | Fixed         | 5.57%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2012-CCRE3 MORTGAGE TRUST COMM 2012-CR3 D                       | CUSIP: 12624PAS4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1005000 | PA      | $838295.63    | 0.19%             | 2045-10-15      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| LEHMAN XS TRUST MORTGAGE PASS-THROUGH CERTIFICATES     | LEHMAN XS TRUST SERIES 2006-2N LXS 2006-2N 1A1                       | CUSIP: 525221HA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    376547 | PA      | $342699.16    | 0.08%             | 2046-02-25      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| EWC MASTER ISSUER LLC                                  | EWC MASTER ISSUER LLC WAX 2022-1A A2                                 | CUSIP: 26929HAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1544000 | PA      | $1531115.17   | 0.34%             | 2052-03-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AVENTURA MALL VENTURE                                  | AVENTURA MALL TRUST AVMT 2018-AVM A                                  | CUSIP: 05359AAA1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3760000 | PA      | $3732425.66   | 0.84%             | 2040-07-05      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| REDWOOD FUNDING TRUST                                  | REDWOOD FUNDING TRUST 2025-1 RFT 2025-1 A                            | CUSIP: 757912AA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2757849 | PA      | $2756164.09   | 0.62%             | 2055-05-27      | Fixed         | 7.58%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS II LLC                                  | QTS ISSUER ABS II LLC QTSII 2025-1A B                                | CUSIP: 74690FAB2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    730000 | PA      | $712245.74    | 0.16%             | 2055-10-05      | Fixed         | 5.78%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                             | FLAGSHIP CREDIT AUTO TRUST 2023-3 FCAT 2023-3 C                      | CUSIP: 33846BAJ3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    625000 | PA      | $626049.88    | 0.14%             | 2029-07-16      | Fixed         | 6.01%                 | Yes           |                  2 | On Loan: No      |
| AGL CLO LTD                                            | AGL CLO 44 LTD AGL 2025-44A D1                                       | CUSIP: 00121RAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1950000 | PA      | $1949007.45   | 0.44%             | 2037-10-22      | Floating      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| GARNET CLO LIMITED                                     | GARNET CLO 3 LTD GARNET 2025-3A D1                                   | CUSIP: 36626TAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4275000 | PA      | $4285294.20   | 0.96%             | 2038-10-20      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| SUNNOVA HELIOS ISSUER LLC                              | SUNNOVA HELIOS II ISSUER LLC 2019-A SNVA 2019-AA A                   | CUSIP: 86745LAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    374848 | PA      | $344136.68    | 0.08%             | 2046-06-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                              | SCF EQUIPMENT LEASING 2023-1 LLC SCFET 2023-1A E                     | CUSIP: 784024AG6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1500000 | PA      | $1535744.70   | 0.34%             | 2036-07-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| TVC MORTAGE TRUST                                      | TVC MORTGAGE TRUST 2024-RRTL1 TVC 2024-RRTL1 M1                      | CUSIP: 87306WAC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3610000 | PA      | $3635406.82   | 0.81%             | 2039-07-25      | Fixed         | 7.42%                 | Yes           |                  2 | On Loan: No      |
| VOLOFIN FINANCE (IRELAND) DESIGNATED ACTIVITY COMPANY  | VOLOFIN FINANCE DESIGNATED ACTIVITY CO VFIN 2024-1A B                | CUSIP: 92873RAB7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    755170 | PA      | $776351.76    | 0.17%             | 2037-06-15      | Fixed         | 6.21%                 | Yes           |                  2 | On Loan: No      |
| RFS ASSET SECURITIZATION II LLC                        | RFS ASSET SECURITIZATION II LLC RAPID 2024-1 E                       | CUSIP: 74969DAQ8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $2522784.00   | 0.57%             | 2031-07-15      | Fixed         | 14.78%                | Yes           |                  2 | On Loan: No      |
| NYMT LOAN TRUST                                        | NYMT LOAN TRUST SERIES 2024-BPL2 NYMT 2024-BPL2 M                    | CUSIP: 67120TAC4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4250000 | PA      | $4294028.30   | 0.96%             | 2039-05-25      | Fixed         | 8.41%                 | Yes           |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST                           | DC COMMERCIAL MORTGAGE TRUST 2023-DC DC 2023-DC D                    | CUSIP: 24023AAG5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1370000 | PA      | $1384630.37   | 0.31%             | 2040-09-12      | Floating      | 7.14%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                             | FLAGSHIP CREDIT AUTO TRUST 2023-1 FCAT 2023-1 C                      | CUSIP: 337955AJ7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    425000 | PA      | $424116.85    | 0.10%             | 2029-05-15      | Fixed         | 5.43%                 | Yes           |                  2 | On Loan: No      |
| CSMC TRUST                                             | CSMC 2014-USA OA LLC CSMC 2014-USA E                                 | CUSIP: 12649AAQ2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  11475000 | PA      | $9090788.76   | 2.04%             | 2037-09-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| BIRCH GROVE CLO LTD                                    | BIRCH GROVE CLO 6 LTD BGCLO 2023-6A A1R                              | CUSIP: 09077FAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   4485000 | PA      | $4495203.38   | 1.01%             | 2037-07-20      | Floating      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD RETAIL PROPERTY TRUST                         | STARWOOD RETAIL PROPERTY TRUST 2014-STAR SRPT 2014-STAR E            | CUSIP: 85571XAS6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3185000 | PA      | $15925.00     | 0.00%             | 2027-11-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| FF ASSET SECURITIZATION LLC                            | FF ASSET SECURITIZATION LLC FFAS 2025-1A C                           | CUSIP: 31568BAC8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3796000 | PA      | $3795251.81   | 0.85%             | 2031-12-17      | Fixed         | 11.17%                | Yes           |                  2 | On Loan: No      |
| STREAM INNOVATIONS ISSUER TRUST                        | STREAM INNOVATIONS 2024-1 ISSUER TRUST STRE 2024-1A C                | CUSIP: 86324CAC5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4098097 | PA      | $4544650.78   | 1.02%             | 2044-07-15      | Fixed         | 11.40%                | Yes           |                  2 | On Loan: No      |
| RESIDENTIAL FUNDING MORTGAGE SECURITIES INCORPORATED   | RFMSI SERIES 2005-SA1 TRUST RFMSI 2005-SA1 1A1                       | CUSIP: 76111XTB9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1390170 | PA      | $861114.81    | 0.19%             | 2035-03-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| PRET LLC                                               | PRET 2025-NPL8 LLC PRET 2025-NPL8 A1                                 | CUSIP: 69392EAA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2943539 | PA      | $2955774.07   | 0.66%             | 2055-08-25      | Fixed         | 5.73%                 | Yes           |                  2 | On Loan: No      |
| STREAM INNOVATIONS ISSUER TRUST                        | STREAM INNOVATIONS 2025-1 ISSUER TRUST STRE 2025-1A D                | CUSIP: 86324XAD7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    639537 | PA      | $651739.95    | 0.15%             | 2045-09-15      | Fixed         | 8.40%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC REMICS FHR 5365 LY                                       | CUSIP: 3137HB4W1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2413466 | PA      | $2543864.26   | 0.57%             | 2053-12-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RFS ASSET SECURITIZATION II LLC                        | RFS ASSET SECURITIZATION V LLC RAPID 2025-1 D                        | CUSIP: 74970DAJ1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    900000 | PA      | $907285.59    | 0.20%             | 2032-05-15      | Fixed         | 11.11%                | Yes           |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TRUST                               | OCTANE RECEIVABLES TRUST 2024-1 OCTL 2024-1A E                       | CUSIP: 67571FAF1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1872000 | PA      | $1947550.55   | 0.44%             | 2031-08-20      | Fixed         | 7.82%                 | Yes           |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING CORPORATION                    | BANC OF AMERICA FUNDING 2007-4 TRUST BAFC 2007-4 5A1                 | CUSIP: 05953YBT7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     48137 | PA      | $42436.40     | 0.01%             | 2034-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDYMAC INDX MORTGAGE LOAN TRUST                       | INDYMAC INDX MORTGAGE LOAN TRUST 2005-AR11 INDX 2005-AR11 A3         | CUSIP: 45660LQH5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    787279 | PA      | $577560.94    | 0.13%             | 2035-08-25      | Floating      | 3.63%                 | No            |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST                           | DC COMMERCIAL MORTGAGE TRUST 2023-DC DC 2023-DC C                    | CUSIP: 24023AAE0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1510000 | PA      | $1560144.23   | 0.35%             | 2040-09-12      | Floating      | 7.14%                 | Yes           |                  2 | On Loan: No      |
| AVANT CREDIT CARD MASTER TRUST                         | AVANT CREDIT CARD MASTER TRUST 2025-1 AVCCT 2025-1A F                | CUSIP: 05351KAV1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $2489891.50   | 0.56%             | 2031-04-15      | Fixed         | 10.79%                | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                             | FLAGSHIP CREDIT AUTO TRUST 2022-3 FCAT 2022-3 C                      | CUSIP: 33845PAG9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    289599 | PA      | $289391.36    | 0.06%             | 2028-07-17      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WN2326                                           | CUSIP: 3132XGSQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   6920000 | PA      | $6897610.20   | 1.55%             | 2032-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2013-C15 WFRBS 2013-C15 B            | CUSIP: 92938CAH0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1117979 | PA      | $1086675.77   | 0.24%             | 2046-08-15      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND                                     | OWN EQUIPMENT FUND I LLC EQS 2024-2M A                               | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1784487 | PA      | $1808488.92   | 0.41%             | 2032-12-20      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                           | GS MORTGAGE SECURITIES TRUST 2014-GC22 GSMS 2014-GC22 D              | CUSIP: 36253BAE3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3000000 | PA      | $389910.00    | 0.09%             | 2047-06-10      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| ELDRIDGE CLO LTD.                                      | ELDRIDGE CLO 2025-1 LTD ELD 2025-1A A1                               | CUSIP: 284913AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3095000 | PA      | $3105513.72   | 0.70%             | 2038-10-20      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| KAPITUS ASSET SECURITIZATION LLC                       | KAPITUS ASSET SECURITIZATION IV LLC KAPT 2024-1A D                   | CUSIP: 48555MAD1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1100000 | PA      | $1098160.47   | 0.25%             | 2031-09-10      | Fixed         | 9.90%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST                          | FREDDIE MAC STACR REMIC TRUST 2022-DNA7 STACR 2022-DNA7 M1B          | CUSIP: 35564KL49<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1845000 | PA      | $1960085.01   | 0.44%             | 2052-03-25      | Floating      | 8.87%                 | No            |                  2 | On Loan: No      |
| GITSIT MORTGAGE LOAN TRUST                             | GITSIT MORTGAGE LOAN TRUST 2025-NPL1 GITST 2025-NPL1 A1              | CUSIP: 375926AA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1524580 | PA      | $1526050.81   | 0.34%             | 2055-02-25      | Fixed         | 6.28%                 | Yes           |                  2 | On Loan: No      |
| BRIDGE STREET CLO LTD                                  | BRIDGE STREET CLO V LTD BRDGS 2025-1A C1                             | CUSIP: 107921AG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2235000 | PA      | $2244065.16   | 0.50%             | 2038-04-20      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| LABRADOR AVIATION FIN LTD SER 2016                     | LABRADOR AVIATION FINANCE LTD 2016-1A LAFL 2016-1A B1                | CUSIP: 50543LAB8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1020323 | PA      | $1020343.90   | 0.23%             | 2042-01-15      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                              | TOWD POINT MORTGAGE TRUST 2018-4 TPMT 2018-4 A2                      | CUSIP: 89175TAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1100000 | PA      | $947719.08    | 0.21%             | 2058-06-25      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| KAPITUS ASSET SECURITIZATION LLC                       | KAPITUS ASSET SECURITIZATION V LLC KAPT 2025-1A D                    | CUSIP: 48555NAD9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $2501487.50   | 0.56%             | 2032-04-10      | Fixed         | 10.92%                | Yes           |                  2 | On Loan: No      |
| FIRST INVESTORS AUTO OWNER TRUST                       | FIRST INVESTORS AUTO OWNER TRUST 2022-2 FIAOT 2022-2A D              | CUSIP: 32058KAD1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    750000 | PA      | $772129.50    | 0.17%             | 2028-10-16      | Fixed         | 8.71%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST                                               | BX TRUST 2025-VLT7 BX 2025-VLT7 B                                    | CUSIP: 123913AC9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1003750.00   | 0.22%             | 2044-07-15      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2014-UBS4 MORTGAGE TRUST COMM 2014-UBS4 AM                      | CUSIP: 12591QAT9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    711285 | PA      | $688168.52    | 0.15%             | 2047-08-10      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | AASET 2020−1A E 0% 01/16/2040                                        | CUSIP: 00258AAA4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  17029000 | PA      | $1251631.50   | 0.28%             | 2040-01-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GARNET CLO LIMITED                                     | GARNET CLO 2 LTD GARNET 2025-2A D1                                   | CUSIP: 36626CAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1845000 | PA      | $1856248.97   | 0.42%             | 2038-10-20      | Floating      | 7.18%                 | Yes           |                  2 | On Loan: No      |
| PERIMETER MASTER NOTE BUSINESS TRUST                   | PERIMETER MASTER NOTE BUSINESS TRUST PMNBT 2025-1A C                 | CUSIP: 71384PBE0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $4896776.00   | 1.10%             | 2030-12-16      | Fixed         | 8.49%                 | Yes           |                  2 | On Loan: No      |
| TRICON AMERICAN HOMES TRUST                            | TRICON AMERICAN HOMES 2020-SFR1 TAH 2020-SFR1 F                      | CUSIP: 89613GAF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    160000 | PA      | $159303.18    | 0.04%             | 2038-07-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST                               | BHG SECURITIZATION TRUST 2022-C BHG 2022-C E                         | CUSIP: 08860DAE3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1890000 | PA      | $2031105.70   | 0.46%             | 2035-10-17      | Fixed         | 9.73%                 | Yes           |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE                              | COREVEST AMERICAN FINANCE 2019-1 TRUST CAFL 2019-1 E                 | CUSIP: 21872FAG2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    575000 | PA      | $577226.86    | 0.13%             | 2052-03-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST               | GS MORTGAGE SECURITIES CORP TRUST 2023-SHIP GSMS 2023-SHIP B         | CUSIP: 36270GAC5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3440000 | PA      | $3441366.71   | 0.77%             | 2038-09-10      | Floating      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| WILLIS ENGINE STRUCTURED TRUST                         | WILLIS ENGINE STRUCTURED TRUST VI WESTF 2021-A A                     | CUSIP: 97064GAA1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1195854 | PA      | $1131196.43   | 0.25%             | 2046-05-15      | Fixed         | 3.10%                 | Yes           |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2004-2 MALT 2004-2 8A4                  | CUSIP: 576434MU5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1497588 | PA      | $1365024.26   | 0.31%             | 2034-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE                              | COREVEST AMERICAN FINANCE 2020-2 TRUST CAFL 2020-2 D                 | CUSIP: 21872VAF9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1211000 | PA      | $1183645.81   | 0.27%             | 2052-05-15      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2012-LC4 MORTGAGE TRUST COMM 2012-LC4 D                         | CUSIP: 126192AK9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1594668 | PA      | $1209874.88   | 0.27%             | 2044-12-10      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                              | TOWD POINT MORTGAGE TRUST 2020-4 TPMT 2020-4 M1                      | CUSIP: 89179JAC0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2300000 | PA      | $1816178.67   | 0.41%             | 2060-10-25      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| ROC MORTGAGE TRUST                                     | ROC MORTGAGE TRUST 2024-RTL1 ROC 2024-RTL1 M1                        | CUSIP: 77118UAC4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3740000 | PA      | $3798149.15   | 0.85%             | 2039-10-25      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                  | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C34 WFCM 2016-C34 C       | CUSIP: 95000DBK6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2902000 | PA      | $2711373.71   | 0.61%             | 2049-06-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| STELLAR JAY IRELAND DAC                                | STELLAR JAY IRELAND DAC STELR 2021-1 A                               | CUSIP: 858558AA7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     94653 | PA      | $93532.17     | 0.02%             | 2041-10-15      | Fixed         | 3.97%                 | Yes           |                  2 | On Loan: No      |
| SYMETRA CLO LTD                                        | SYMETRA CLO 2025-1 LTD SIM 2025-1A E                                 | CUSIP: 87153CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4028696.00   | 0.90%             | 2038-04-20      | Floating      | 9.42%                 | Yes           |                  2 | On Loan: No      |
| VOLT LLC                                               | VOLT XCIV LLC VOLT 2021-NPL3 A2                                      | CUSIP: 92873AAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    231539 | PA      | $231689.44    | 0.05%             | 2051-02-27      | Fixed         | 8.95%                 | Yes           |                  2 | On Loan: No      |
| HUNDSON'S BAY SIMON JV TRUST                           | HUDSONS BAY SIMON JV TRUST 2015-HBS HBCT 2015-HB10 A10               | CUSIP: 44422PBN1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3375000 | PA      | $3364484.51   | 0.75%             | 2034-08-05      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| SBNA AUTO RECEIVABLES TRUST                            | SBNA AUTO RECEIVABLES TRUST 2025-SF1 SBAT 2025-SF1 F                 | CUSIP: 78437XAF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1016306.20   | 0.23%             | 2033-06-15      | Fixed         | 8.71%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                              | TOWD POINT MORTGAGE TRUST 2018-5 TPMT 2018-5 M1                      | CUSIP: 89176VAC6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    505000 | PA      | $430582.39    | 0.10%             | 2058-07-25      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS LIMITED                    | TMCL VII HOLDINGS LTD TMCL 2025-1H B                                 | CUSIP: 87257FAB9<br>LEI: N/A                  | Long             | ABS-MBS          |  | BM        |   2793405 | PA      | $2800843.22   | 0.63%             | 2050-07-23      | Fixed         | 8.06%                 | Yes           |                  2 | On Loan: No      |
| FOUNDATION FINANCE TRUST                               | FOUNDATION FINANCE TRUST 2024-2 FFIN 2024-2A E                       | CUSIP: 35040VAE9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1068117 | PA      | $1106937.05   | 0.25%             | 2050-03-15      | Fixed         | 9.35%                 | Yes           |                  2 | On Loan: No      |
| CARLYLE US CLO LTD                                     | CARLYLE US CLO 2022-3 LTD CGMS 2022-3A D1R                           | CUSIP: 143111AU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1998532.00   | 0.45%             | 2037-04-20      | Floating      | 7.52%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST                                              | BPR TRUST 2021-NRD BPR 2021-NRD E                                    | CUSIP: 05592CAN6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2030000 | PA      | $2013052.14   | 0.45%             | 2038-12-15      | Floating      | 9.30%                 | Yes           |                  2 | On Loan: No      |
| LEHMAN MORTGAGE TRUST                                  | LEHMAN MORTGAGE TRUST 2007-9 LMT 2007-9 1A1                          | CUSIP: 52522XAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     50259 | PA      | $47480.50     | 0.01%             | 2037-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ONDECK ASSET SECURITIZATION TRUST LLC                  | ONDECK ASSET SECURITIZATION TRUST IV LLC ONDK 2024-2A C              | CUSIP: 67108SAF5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    420000 | PA      | $424455.74    | 0.10%             | 2031-10-17      | Fixed         | 7.03%                 | Yes           |                  2 | On Loan: No      |
| CIM TRUST                                              | CIM TRUST 2022-R2 CIM 2022-R2 A1                                     | CUSIP: 12567NAA7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    694353 | PA      | $663918.26    | 0.15%             | 2061-12-25      | Floating      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MERCURY FINANCIAL CREDIT CARD MASTER TRUST             | MERCURY FINANCIAL CREDIT CARD MASTER TRUST MFCC 2025-1A C            | CUSIP: 58940BBH8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3420000 | PA      | $3413430.18   | 0.76%             | 2031-12-22      | Fixed         | 8.29%                 | Yes           |                  2 | On Loan: No      |
| FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST         | FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST 202 FCRT 2024-1 E     | CUSIP: 35105AAF4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1250000 | PA      | $1331277.63   | 0.30%             | 2031-05-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| AASET TRUST                                            | AASET 2020-1 TRUST AASET 2020-1A B                                   | CUSIP: 00255UAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1964543 | PA      | $1930174.41   | 0.43%             | 2040-01-16      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2024-CBM MORTGAGE TRUST COMM 2024-CBM A2                        | CUSIP: 12674GAC8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1065000 | PA      | $1081304.30   | 0.24%             | 2041-12-10      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| OHA CREDIT FUNDING LTD                                 | OHA CREDIT FUNDING 2 LTD OAKC 2019-2A AR2                            | CUSIP: 67707EBJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2300000 | PA      | $2304857.60   | 0.52%             | 2038-01-21      | Floating      | 4.91%                 | Yes           |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2004-8 MALT 2004-8 2A1                  | CUSIP: 576434UQ5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    395992 | PA      | $399556.79    | 0.09%             | 2034-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HORIZON AIRCRAFT FINANCE I LIMITED                     | HORIZON AIRCRAFT FINANCE I LTD HORZN 2018-1 B                        | CUSIP: 440405AF5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1171040 | PA      | $1094919.69   | 0.25%             | 2038-12-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| AUXILIOR TERM FUNDING LLC                              | AUXILIOR TERM FUNDING 2023-1 LLC XCAP 2023-1A E                      | CUSIP: 05335JAF0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2750000 | PA      | $3021226.73   | 0.68%             | 2032-12-15      | Fixed         | 10.97%                | Yes           |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC                          | COLLEGE AVE STUDENT LOANS 2023-A LLC CASL 2023-A E                   | CUSIP: 193938AF4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    824170 | PA      | $856373.36    | 0.19%             | 2055-05-25      | Fixed         | 8.49%                 | Yes           |                  2 | On Loan: No      |
| CGCCRE COMMERCIAL MORTGAGE TRUST                       | CG-CCRE COMMERCIAL MORTGAGE TRUST 2014-FL2 CGCC 2014-FL2 COL2        | CUSIP: 12528PAP7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2228132 | PA      | $114448.02    | 0.03%             | 2031-11-15      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                   | SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 202 SBCLN 2025-A G    | CUSIP: 80290CCW2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1315000 | PA      | $1318314.06   | 0.30%             | 2034-01-16      | Fixed         | 11.05%                | Yes           |                  2 | On Loan: No      |
| ACCELERATED ASSETS LLC                                 | ACCELERATED ASSETS 2018-1 LLC AALLC 2018-1 B                         | CUSIP: 00436MAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    100411 | PA      | $99212.62     | 0.02%             | 2033-12-02      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| CGCCRE COMMERCIAL MORTGAGE TRUST                       | CG-CCRE COMMERCIAL MORTGAGE TRUST 2014-FL2 CGCC 2014-FL2 COL1        | CUSIP: 12528PAN2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    915044 | PA      | $140869.21    | 0.03%             | 2031-11-15      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| BIZ2CREDIT ASSET SECURITIZATION LLC                    | BIZ2CREDIT ASSET SECURITIZATION LLC BZTC 2024-1A C                   | CUSIP: 091954AC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    500000 | PA      | $504031.60    | 0.11%             | 2031-05-15      | Fixed         | 13.73%                | Yes           |                  2 | On Loan: No      |
| BPR TRUST                                              | BPR TRUST 2022-SSP BPR 2022-SSP D                                    | CUSIP: 05602HAL7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2170000 | PA      | $2165730.09   | 0.49%             | 2039-05-15      | Floating      | 10.31%                | Yes           |                  2 | On Loan: No      |
| SECURITIZED TERM AUTO RECEIVABLES TRUST                | SECURITIZED TERM AUTO RECEIVABLES TRUST SSTRT 2025-A D               | CUSIP: 81378RAD6<br>LEI: N/A                  | Long             | ABS-MBS          |  | CA        |    595685 | PA      | $609066.29    | 0.14%             | 2031-07-25      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FALCON AEROSPACE LIMITED                               | FALCON 2019-1 AEROSPACE LTD FLCON 2019-1 E                           | CUSIP: 30610HAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |   5000000 | PA      | $1042500.00   | 0.23%             | 2039-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                             | FLAGSHIP CREDIT AUTO TRUST 2024-3 FCAT 2024-3 B                      | CUSIP: 33843YAC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    270000 | PA      | $270053.24    | 0.06%             | 2029-07-16      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| 720 EAST CLO LTD                                       | 720 EAST CLO VI LTD NWML 2024-3A E                                   | CUSIP: 81800VAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3720000 | PA      | $3727882.68   | 0.84%             | 2038-01-20      | Floating      | 9.17%                 | Yes           |                  2 | On Loan: No      |
| UBS COMMERCIAL MORTGAGE TRUST                          | UBS COMMERCIAL MORTGAGE TRUST 2018-C14 UBSCM 2018-C14 C              | CUSIP: 90278KBF7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1885000 | PA      | $1777265.84   | 0.40%             | 2051-12-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2011-C4 WFRBS 2011-C4 D              | CUSIP: 92936CAW9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    439473 | PA      | $432134.20    | 0.10%             | 2044-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| SUNNOVA HELIOS ISSUER LLC                              | SUNNOVA HELIOS XIII ISSUER LLC SNVA 2024-A A                         | CUSIP: 86745CAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3193380 | PA      | $2744280.57   | 0.62%             | 2051-02-20      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS INC                             | CHL MORTGAGE PASS-THROUGH TRUST 2004-12 CWHL 2004-12 8A1             | CUSIP: 12669FM83<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    170502 | PA      | $166557.71    | 0.04%             | 2034-08-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| SUNNOVA ENERGY CORP 2018-1                             | SUNNOVA HELIOS II ISSUER LLC 2018-1 SNVA 2018-1A A                   | CUSIP: 86745JAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    125584 | PA      | $121586.23    | 0.03%             | 2048-07-20      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE CLO                                      | PALMER SQUARE CLO 2023-1 LTD PLMRS 2023-1A AR                        | CUSIP: 69702TAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4205000 | PA      | $4217917.76   | 0.95%             | 2038-01-20      | Floating      | 4.92%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC                      | CITIGROUP MORTGAGE LOAN TRUST 2005-3 CMLTI 2005-3 2A3                | CUSIP: 17307GTL2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    403720 | PA      | $324763.22    | 0.07%             | 2035-08-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| BASEPOINT MCA SECURITIZATION LLC                       | BASEPOINT MCA SECURITIZATION II LLC BSPNT 2025-1A C                  | CUSIP: 06983XAC9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2675000 | PA      | $2672862.68   | 0.60%             | 2031-08-15      | Fixed         | 11.79%                | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                             | FLAGSHIP CREDIT AUTO TRUST 2022-3 FCAT 2022-3 D                      | CUSIP: 33845PAJ3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1220000 | PA      | $1146884.30   | 0.26%             | 2028-07-17      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2003-9 MALT 2003-9 4A1                  | CUSIP: 576434KX1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    137146 | PA      | $138459.39    | 0.03%             | 2033-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NYMT LOAN TRUST                                        | NYMT LOAN TRUST SERIES 2024-BPL3 NYMT 2024-BPL3 M1                   | CUSIP: 67119RAC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2470000 | PA      | $2480473.79   | 0.56%             | 2039-09-25      | Floating      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING CORPORATION                    | BANC OF AMERICA FUNDING 2005-7 TRUST BAFC 2005-7 3A1                 | CUSIP: 05946XS61<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    206178 | PA      | $210326.40    | 0.05%             | 2035-11-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2004-5 MALT 2004-5 2A1                  | CUSIP: 576434RG1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    140389 | PA      | $144425.23    | 0.03%             | 2034-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BIZ2CREDIT ASSET SECURITIZATION LLC                    | BIZ2CREDIT ASSET SECURITIZATION LLC BZTC 2024-1A B                   | CUSIP: 091954AB3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1520000 | PA      | $1525210.56   | 0.34%             | 2031-05-15      | Fixed         | 9.44%                 | Yes           |                  2 | On Loan: No      |
| KAPITUS ASSET SECURITIZATION LLC                       | KAPITUS ASSET SECURITIZATION IV LLC KAPT 2024-1A 1D                  | CUSIP: 48555MAH2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1500000 | PA      | $1497491.55   | 0.34%             | 2031-09-10      | Fixed         | 9.90%                 | Yes           |                  2 | On Loan: No      |
| 37 CAPITAL CLO LTD                                     | 37 CAPITAL CLO 1 LTD PUTNM 2021-1A E                                 | CUSIP: 88430QAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $986194.00    | 0.22%             | 2034-10-15      | Floating      | 11.13%                | Yes           |                  2 | On Loan: No      |
| N/A                                                    | GITSIT SOLUTIONS LLC 144A 8.000000% 11/15/2029                       | CUSIP: 37637LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2898287.50   | 0.65%             | 2029-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT SECURITIZATION TRUST               | CASTLELAKE AIRCRAFT SECURITIZATION TRUST 2018-1 CLAST 2018-1 B       | CUSIP: 14856CAB5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    592540 | PA      | $580688.81    | 0.13%             | 2043-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ECAF I BLOCKER LTD                                     | ECAF I BLOCKER LTD ELEMENT COMM AVIATION                             | CUSIP: 3616399A7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9000000 | PA      | $0.00         | 0.00%             | 2040-03-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KESTREL AIRCRAFT FUNDING LTD                           | KESTREL AIRCRAFT FUNDING LTD KSTRL 2018-1A A                         | CUSIP: 49255PAA1<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |    379261 | PA      | $379459.09    | 0.09%             | 2038-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                           | BX COMMERCIAL MORTGAGE TRUST 2024-VLT5 BX 2024-VLT5 A                | CUSIP: 05614JAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    750000 | PA      | $763359.30    | 0.17%             | 2046-11-13      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD RETAIL PROPERTY TRUST                         | STARWOOD RETAIL PROPERTY TRUST 2014-STAR SRPT 2014-STAR F            | CUSIP: 85571XAU1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     34224 | PA      | $34.22        | 0.00%             | 2027-11-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| FORA FINANCIAL ASSET SECURITIZATION LLC                | FORA FINANCIAL ASSET SECURITIZATION 2024 LLC FORA 2024-1A D          | CUSIP: 34512PAD6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3000000 | PA      | $3019356.30   | 0.68%             | 2029-08-15      | Fixed         | 12.01%                | Yes           |                  2 | On Loan: No      |
| CSMC TRUST                                             | CSMC 2014-USA OA LLC CSMC 2014-USA D                                 | CUSIP: 12649AAN9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    955000 | PA      | $810628.07    | 0.18%             | 2037-09-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST                                             | BFLD COMMERCIAL MORTGAGE TRUST 2025-660F BFLD 2025-660F D            | CUSIP: 05556QAG4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    620000 | PA      | $624066.95    | 0.14%             | 2042-11-15      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                             | FLAGSHIP CREDIT AUTO TRUST 2022-4 FCAT 2022-4 C                      | CUSIP: 33843XAE9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    170000 | PA      | $172283.97    | 0.04%             | 2028-10-16      | Fixed         | 7.71%                 | Yes           |                  2 | On Loan: No      |
| STREAM INNOVATIONS ISSUER TRUST                        | STREAM INNOVATIONS 2024-2 ISSUER TRUST STRE 2024-2A C                | CUSIP: 86324EAC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    985822 | PA      | $1036277.60   | 0.23%             | 2045-02-15      | Fixed         | 9.05%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST               | GS MORTGAGE SECURITIES CORP TRUST 2012-BWTR GSMS 2012-BWTR A         | CUSIP: 36192RAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3675227 | PA      | $3267285.17   | 0.73%             | 2034-11-05      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY MORTGAGE LOAN TRUST                     | MORGAN STANLEY MORTGAGE LOAN TRUST 2005-7 MSM 2005-7 7A5             | CUSIP: 61748HPQ8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     89050 | PA      | $77860.00     | 0.02%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST                                             | CSMC 2014-USA OA LLC CSMC 2014-USA C                                 | CUSIP: 12649AAL3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    985000 | PA      | $850906.24    | 0.19%             | 2037-09-15      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                           | GS MORTGAGE SECURITIES TRUST 2014-GC22 GSMS 2014-GC22 B              | CUSIP: 36253BAZ6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   6605000 | PA      | $5393014.20   | 1.21%             | 2047-06-10      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TRUST                               | OCTANE RECEIVABLES TRUST 2024-2 OCTL 2024-2A E                       | CUSIP: 67578YAF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1250000 | PA      | $1339842.25   | 0.30%             | 2032-07-20      | Fixed         | 9.04%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST     | MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST MSBAM 2013-C11 B  | CUSIP: 61762TAH9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3330000 | PA      | $2072958.30   | 0.46%             | 2046-08-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| EDI ABS ISSUER 1 LLC                                   | EDI ABS ISSUER 1 LLC ECORE 2025-1A B                                 | CUSIP: 268332AB9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4240000 | PA      | $4002165.68   | 0.90%             | 2055-07-25      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)        | ALTERNATIVE LOAN TRUST 2004-J10 CWALT 2004-J10 2CB1                  | CUSIP: 12667FVB8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    124831 | PA      | $127158.47    | 0.03%             | 2034-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WAVE LLC                                               | WAVE 2019-1 LLC WAAV 2019-1 C                                        | CUSIP: 94354KAC4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2651062 | PA      | $2386011.05   | 0.53%             | 2044-09-15      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE MORTGAGE SECURITIES MORTGAGE LOAN TRUST       | DEUTSCHE MORTGAGE SEC INC MORT LOAN TR SER 2004-1 DMSI 2004-1 3A5    | CUSIP: 251563CA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    431556 | PA      | $428518.05    | 0.10%             | 2033-12-25      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST                    | CITIGROUP COMMERCIAL MORTGAGE TRUST 2014-GC21 CGCMT 2014-GC21 D      | CUSIP: 17322MAA4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4790000 | PA      | $4482816.34   | 1.00%             | 2047-05-10      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                               | BENCHMARK 2021-B31 MORTGAGE TRUST BMARK 2021-B31 A5                  | CUSIP: 08163MAE7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $898318.80    | 0.20%             | 2054-12-15      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES               | HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES 20 HACLN 2024-1 C    | CUSIP: 44644NAC3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    208421 | PA      | $210496.67    | 0.05%             | 2032-05-20      | Floating      | 6.85%                 | Yes           |                  2 | On Loan: No      |
| STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST         | STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST SARM 2005-14 A1       | CUSIP: 863579TM0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2458159 | PA      | $1422573.37   | 0.32%             | 2035-07-25      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST                            | EXTENDED STAY AMERICA TRUST 2025-ESH ESA 2025-ESH A                  | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    430000 | PA      | $431880.05    | 0.10%             | 2042-10-15      | Floating      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST | JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRU JPMCC 2011-C3 C   | CUSIP: 46635TAX0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2490000 | PA      | $2386409.78   | 0.53%             | 2046-02-15      | Floating      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                    | HARBOUR AIRCRAFT INVESTMENTS LTD HAIL 2017-1 C                       | CUSIP: G4301UAH7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   9106654 | PA      | $6383181.73   | 1.43%             | 2037-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                           | GS MORTGAGE SECURITIES TRUST 2013-GC13 GSMS 2013-GC13 C              | CUSIP: 36198EAY1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    610000 | PA      | $570350.00    | 0.13%             | 2046-07-10      | Floating      | 3.86%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST                          | MILL CITY MORTGAGE LOAN TRUST 2021-NMR1 MCMLT 2021-NMR1 M3           | CUSIP: 59982HAL4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    730000 | PA      | $616219.72    | 0.14%             | 2060-11-25      | Floating      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                  | WFRBS COMMERCIAL MORTGAGE TRUST 2012-C10 WFRBS 2012-C10 C            | CUSIP: 92890NAY5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2130000 | PA      | $1799850.00   | 0.40%             | 2045-12-15      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| SUNNOVA HELIOS ISSUER LLC                              | SUNNOVA HELIOS V ISSUER LLC SNVA 2021-A B                            | CUSIP: 86746EAB3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2880488 | PA      | $1488110.23   | 0.33%             | 2048-02-20      | Fixed         | 3.15%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                    | N/A                                                                  | CUSIP: 831003AA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2992759 | PA      | $3012774.17   | 0.68%             | 2050-12-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| ISLAND FINANCE TRUST                                   | ISLAND FINANCE TRUST 2025-1 ISLN 2025-1A C                           | CUSIP: 463920AC2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    500000 | PA      | $510014.05    | 0.11%             | 2035-03-19      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                             | JP MORGAN MORTGAGE TRUST 2004-S1 JPMMT 2004-S1 2A1                   | CUSIP: 466247EV1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    685345 | PA      | $708659.90    | 0.16%             | 2034-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST                      | AFFIRM ASSET SECURITIZATION TRUST 2023-X1 AFFRM 2023-X1 D            | CUSIP: 00834KAD9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    711089 | PA      | $714456.82    | 0.16%             | 2028-11-15      | Fixed         | 9.55%                 | Yes           |                  2 | On Loan: No      |
| CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)        | ALTERNATIVE LOAN TRUST 2004-J3 CWALT 2004-J3 1A1                     | CUSIP: 12667FGT6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     65189 | PA      | $65919.41     | 0.01%             | 2034-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST                      | CREDIT ACCEPTANCE AUTO LOAN TRUST 2023-1 CAALT 2023-1A C             | CUSIP: 224927AE3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    495000 | PA      | $504238.43    | 0.11%             | 2033-07-15      | Fixed         | 7.71%                 | Yes           |                  2 | On Loan: No      |
| BANK                                                   | BANK 2021-BNK34 BANK 2021-BN34 A5                                    | CUSIP: 06541JAL5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $887194.30    | 0.20%             | 2063-06-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| PRPM LLC                                               | PRPM 2025-2 LLC PRPM 2025-2 A2                                       | CUSIP: 69382HAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4085000 | PA      | $4087680.17   | 0.92%             | 2030-05-25      | Fixed         | 9.56%                 | Yes           |                  2 | On Loan: No      |
| RAPTOR AIRCRAFT FINANCE LIMITED                        | RAPTOR AIRCRAFT FINANCE I LLC RPTOR 2019-1 A                         | CUSIP: 75383HAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |   1365027 | PA      | $1258934.53   | 0.28%             | 2044-08-23      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| GITSIT MORTGAGE LOAN TRUST                             | GITSIT MORTGAGE LOAN TRUST 2025-NPL1 GITST 2025-NPL1 A2              | CUSIP: 375926AB8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3436000 | PA      | $3442470.68   | 0.77%             | 2055-02-25      | Fixed         | 8.84%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST                                              | BPR TRUST 2021-NRD BPR 2021-NRD F                                    | CUSIP: 05592CAQ9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2545000 | PA      | $2493184.31   | 0.56%             | 2038-12-15      | Floating      | 10.55%                | Yes           |                  2 | On Loan: No      |
| GGAM MASTER TRUST INTERNATIONAL LTD                    | GGAM MASTER TRUST INTERNATIONAL LTD GGAMMT 2025-1A A                 | CUSIP: 36173XAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2523762 | PA      | $2526941.19   | 0.57%             | 2060-09-30      | Fixed         | 5.92%                 | Yes           |                  2 | On Loan: No      |
| UNITI FIBER ABS ISSUER LLC                             | UNITI FIBER ABS ISSUER LLC UNIT 2025-2A C                            | CUSIP: 91326EAJ4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2000000 | PA      | $2041222.20   | 0.46%             | 2056-01-20      | Fixed         | 7.83%                 | Yes           |                  2 | On Loan: No      |
| LABRADOR AVIATION FIN LTD SER 2016                     | LABRADOR AVIATION FINANCE LTD 2016-1A LAFL 2016-1A A1                | CUSIP: 50543LAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1482499 | PA      | $1487717.44   | 0.33%             | 2042-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)        | ALTERNATIVE LOAN TRUST 2004-28CB CWALT 2004-28CB 5A1                 | CUSIP: 12667FYU3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     80109 | PA      | $80183.94     | 0.02%             | 2035-01-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KDAC AVIATION FINANCE (CAYMAN) LTD                     | KDAC AVIATION FINANCE LTD KDAC 2017-1A C                             | CUSIP: 48244XAC6<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |  15406845 | PA      | $15374276.70  | 3.45%             | 2042-12-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MERCURY FINANCIAL CREDIT CARD MASTER TRUST             | MERCURY FINANCIAL CREDIT CARD MASTER TRUST MFCC 2024-2A A            | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1430000 | PA      | $1434884.02   | 0.32%             | 2029-07-20      | Fixed         | 6.56%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                    | FIRST AMERICAN TREASURY OBLIGATIONS FUND CLASS X                     | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             |  | US        |  35008668 | PA      | $35008668.34  | 7.85%             |  |  |  | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                           | GS MORTGAGE SECURITIES TRUST 2011-GC5 GSMS 2011-GC5 C                | CUSIP: 36191YAJ7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    100000 | PA      | $92041.52     | 0.02%             | 2044-08-10      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| OHA LOAN FUNDING LTD                                   | OHA LOAN FUNDING 2015-1 LTD OHALF 2015-1A D1R4                       | CUSIP: 67109BDW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2145000 | PA      | $2154418.70   | 0.48%             | 2038-10-19      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| PRET LLC                                               | PRET 2024-NPL7 LLC PRET 2024-NPL7 A1                                 | CUSIP: 74136TAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    195905 | PA      | $196048.48    | 0.04%             | 2054-10-25      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| INDYMAC INDX MORTGAGE LOAN TRUST                       | INDYMAC INDX MORTGAGE LOAN TRUST 2004-AR6 INDX 2004-AR6 4A           | CUSIP: 45660NX75<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    473574 | PA      | $458568.40    | 0.10%             | 2034-10-25      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| MASTR ADJUSTABLE RATE MORTGAGE TRUST                   | MASTR ADJUSTABLE RATE MORTGAGES TRUST 2005-2 MARM 2005-2 3A1         | CUSIP: 576433XW1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    591193 | PA      | $526528.50    | 0.12%             | 2035-03-25      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| FORTIVA PRIVATE LABEL CREDIT CARD                      | FORTIVA RETAIL CREDIT MASTER NOTE BUSINESS TRUST FRCMT 2024-ONE C    | CUSIP: 34962AAX0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5270000 | PA      | $5319926.93   | 1.19%             | 2029-11-15      | Fixed         | 12.56%                | Yes           |                  2 | On Loan: No      |
| APPLEBEE'S FUNDING LLC/IHOP FUNDING LLC                | APPLEBEE'S FUNDING LLC / IHOP FUNDING LLC DIN 2025-1A A2             | CUSIP: 03789XAH1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1028000 | PA      | $1036577.53   | 0.23%             | 2055-06-07      | Fixed         | 6.72%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                              | TOWD POINT MORTGAGE TRUST 2019-2 TPMT 2019-2 M1                      | CUSIP: 89177JAC2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    890000 | PA      | $780505.88    | 0.17%             | 2058-12-25      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST     | MSBAM COMMERCIAL MORTGAGE SECURITIES TRUST 2012-CK MSBAM 2012-CKSV C | CUSIP: 553514AL4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    830000 | PA      | $91549.00     | 0.02%             | 2030-10-15      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST               | GS MORTGAGE SECURITIES CORP TRUST 2013-PEMB GSMS 2013-PEMB A         | CUSIP: 36197VAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1005000 | PA      | $741815.63    | 0.17%             | 2033-03-05      | Floating      | 3.67%                 | No            |                  2 | On Loan: No      |
| RCO MORTGAGE LLC                                       | RCO VIII MORTGAGE LLC 2025-3 RCO 2025-3 A2                           | CUSIP: 74939GAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    958000 | PA      | $962844.89    | 0.22%             | 2030-05-25      | Fixed         | 8.84%                 | Yes           |                  2 | On Loan: No      |
| SIERRA TIMESHARE RECEIVABLES FUNDING LLC               | SIERRA TIMESHARE 2024-1 RECEIVABLES FUNDING LLC SRFC 2024-1A D       | CUSIP: 826935AD0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    375649 | PA      | $384085.39    | 0.09%             | 2043-01-20      | Fixed         | 8.02%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC                      | CITIGROUP MORTGAGE LOAN TRUST 2019-RP1 CMLTI 2019-RP1 M3             | CUSIP: 17327RAD2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1005000 | PA      | $907157.92    | 0.20%             | 2066-01-25      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| TIC HOME IMPROVEMENT TRUST                             | TIC HOME IMPROVEMENT TRUST 2024-A TIC 2024-A C                       | CUSIP: 87252DAC7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1145000 | PA      | $1162211.75   | 0.26%             | 2046-10-15      | Fixed         | 11.73%                | Yes           |                  2 | On Loan: No      |
| CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)        | ALTERNATIVE LOAN TRUST 2004-14T2 CWALT 2004-14T2 A11                 | CUSIP: 12667FMX0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    137467 | PA      | $137055.96    | 0.03%             | 2034-08-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SEACO CONTAINER                                        | GLOBAL SC FINANCE X LTD SEACO 2025-1H B                              | CUSIP: 37893FAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1890900 | PA      | $1899609.49   | 0.43%             | 2045-09-20      | Fixed         | 7.85%                 | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST                         | CARVANA AUTO RECEIVABLES TRUST 2024-N3 CRVNA 2024-N3 D               | CUSIP: 14687WAF7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    785000 | PA      | $789170.78    | 0.18%             | 2030-12-10      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| SEACUBE CONTAINER CLIF                                 | CLI FUNDING VI LLC CLIF 2020-3A B                                    | CUSIP: 12563LAT4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    451850 | PA      | $431031.46    | 0.10%             | 2045-10-18      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST     | MSBAM COMMERCIAL MORTGAGE SECURITIES TRUST 2012-CK MSBAM 2012-CKSV D | CUSIP: 553514AN0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    400000 | PA      | $3940.00      | 0.00%             | 2030-10-15      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST                 | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-3 SDART 2024-3 D         | CUSIP: 80287LAF6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2090000 | PA      | $2147761.75   | 0.48%             | 2031-10-15      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                              | SCF EQUIPMENT LEASING 2022-2 LLC SCFET 2022-2A E                     | CUSIP: 78397WAG1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3580740 | PA      | $3583056.14   | 0.80%             | 2035-06-20      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MARINER FINANCE ISSUANCE TRUST                         | MARINER FINANCE ISSUANCE TRUST 2024-A MFIT 2024-AA D                 | CUSIP: 567928AD8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    250000 | PA      | $255800.28    | 0.06%             | 2036-09-22      | Fixed         | 6.77%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST                               | BHG SECURITIZATION TRUST 2024-1CON BHG 2024-1CON E                   | CUSIP: 08862HAE2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $2728856.50   | 0.61%             | 2035-04-17      | Fixed         | 10.45%                | Yes           |                  2 | On Loan: No      |
| CAL FUNDING LIMITED                                    | CAL FUNDING IV LTD CAI 2020-1A B                                     | CUSIP: 12807CAC7<br>LEI: N/A                  | Long             | ABS-MBS          |  | BM        |    559633 | PA      | $539263.71    | 0.12%             | 2045-09-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SUNRUN DEMETER ISSUER LLC                              | SUNRUN DEMETER ISSUER 2021-2 LLC SUNRN 2021-2A A                     | CUSIP: 86772HAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    485695 | PA      | $442769.19    | 0.10%             | 2057-01-30      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS LIMITED                    | TEXTAINER MARINE CONTAINERS VII LTD TMCL 2021-1A B                   | CUSIP: 88315LAN8<br>LEI: N/A                  | Long             | ABS-MBS          |  | BM        |    422926 | PA      | $396786.61    | 0.09%             | 2046-02-20      | Fixed         | 2.52%                 | Yes           |                  2 | On Loan: No      |
| THUNDERBOLT AIRCRAFT LEASE LIMITED                     | THUNDERBOLT III AIRCRAFT LEASE LTD TBOLT 2019-1 B                    | CUSIP: 88607AAB5<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |    135503 | PA      | $133742.59    | 0.03%             | 2039-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VSTRONG AUTO RECEIVABLES TRUST                         | VSTRONG AUTO RECEIVABLES TRUST 2023-A VSTRG 2023-A C                 | CUSIP: 92920CAJ6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2845000 | PA      | $3004780.89   | 0.67%             | 2030-02-15      | Fixed         | 8.04%                 | Yes           |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO                                | BAIN CAPITAL CLO 2024-1 LTD BCC 2024-1A D1                           | CUSIP: 056920AJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1750000 | PA      | $1753232.25   | 0.39%             | 2037-04-16      | Floating      | 7.52%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT CARD MASTER TRUST                  | MISSION LANE CREDIT CARD MASTER TRUST MLANE 2025-A D                 | CUSIP: 60510MBN7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3500000 | PA      | $3446386.30   | 0.77%             | 2030-05-15      | Fixed         | 8.89%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST                    | NEW RESIDENTIAL MORTGAGE LOAN TRUST 2024-RPL1 NRZT 2024-RPL1 B2      | CUSIP: 64832AAC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1195000 | PA      | $967815.68    | 0.22%             | 2064-01-25      | Floating      | 3.87%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST                               | BHG SECURITIZATION TRUST 2023-B BHG 2023-B E                         | CUSIP: 08862GAE4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $2839644.00   | 0.64%             | 2036-12-17      | Fixed         | 12.40%                | Yes           |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2004-5 MALT 2004-5 1A1                  | CUSIP: 576434RF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    106485 | PA      | $107829.89    | 0.02%             | 2034-06-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EVERBRIGHT SOLAR TRUST                                 | EVERBRIGHT SOLAR TRUST 2024-A EVBRT 2024-A A                         | CUSIP: 29977FAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    890559 | PA      | $782883.52    | 0.18%             | 2054-06-22      | Fixed         | 6.43%                 | Yes           |                  2 | On Loan: No      |
| FHF TRUST                                              | FHF ISSUER TRUST 2025-1 FHF 2025-1A A2                               | CUSIP: 30340RAB2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2793901 | PA      | $2793309.42   | 0.63%             | 2031-02-15      | Fixed         | 4.92%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                    | HARBOUR AIRCRAFT INVESTMENTS LTD HAIL 2017-1 A                       | CUSIP: G4301UAF1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4296575 | PA      | $4034290.76   | 0.90%             | 2037-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-31

**Name of Applicant:** THE ADVISORS' INNER CIRCLE FUND

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

**Title:** Treasurer, Controller and Chief Financial Officer