# EDGAR Filing Document

**Accession Number:** 0001798618
**File Stem:** 0001798618-25-000029
**Filing Date:** 2025-8
**Character Count:** 285025
**Document Hash:** 8997e4272dc3f03d34d749683be6878f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001798618-25-000029.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001798618-25-000029

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO Dynamic Income Opportunities Fund
- **CENTRAL INDEX KEY:** 0001798618

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23505
- **FILM NUMBER:** 251277542

**BUSINESS ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** (844) 312-2113

**MAIL ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIMCO Tactical Income Fund
- **DATE OF NAME CHANGE:** 20200102

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PIMCO Dynamic Income Opportunities Fund

- **b. Investment Company Act file number:** 811-23505

- **c. CIK number of Registrant:** 0001798618

- **d. LEI of Registrant:** 549300MWJBXCL907ZB49

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

  - **Street Address 1:** 1633 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** (844) 337-4626

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

- **a. Name of Series:** N/A

- **c. LEI of Series:** N/A

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2793892129.07

**Total Liabilities:** $1081911777.30

**Net Assets:** $1711980351.77

**Delayed Delivery Securities:** $223956.81

**Cash Not Reported:** $22021210.31

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -10402.068800 | **1-Year:** 8575.704500 | **5-Year:** 21068.877000 | **10-Year:** 6023.370200 | **30-Year:** 2671.424700

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

- **3-Month:** 201160.388600 | **1-Year:** 114367.544800 | **5-Year:** 237220.476800 | **10-Year:** 186411.754200 | **30-Year:** 13847.474600

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -1.48%               | 0.02%                | 1.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2890268.22             | $-15358012.28                              |
| Month 2  | $-2056995.15             | $27296056.20                               |
| Month 3  | $1370619.86              | $6493470.97                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| URSA RE LTD                                                                | URSA RE LTD UNSECURED 144A 12/28 VAR                       | CUSIP: 90323WAN0<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2093200.00   | 0.12%             | 2028-12-07      | Floating      | 13.57%                | No            |                  2 | On Loan: No      |
| PERATON CORP                                                               | PERATON CORP TERM LOAN B                                   | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |  13910662 | PA      | $12319630.47  | 0.72%             | 2028-02-01      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO THE BANK OF NOVA REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -27747793 | PA      | $-27839900.26 | -1.63%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250808                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $518.43       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2021-R03                               | FANNIE MAE   CAS CAS 2021 R03 1B2 144A                     | CUSIP: 20754AAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8900000 | PA      | $9282056.53   | 0.54%             | 2041-12-25      | Floating      | 9.81%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SECUR CORP 2006-OPT1                                      | STRUCTURED ASSET SECURITIES CO SASC 2006 OPT1 M1           | CUSIP: 86359UAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19624882 | PA      | $16528350.33  | 0.97%             | 2036-04-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| VANTIVE HEALTH LLC                                                         | SPRUCE BIDCO II INC JPY TERM LOAN                          | CUSIP: BA000FPQ9<br>LEI: 254900D597QQOG22WQ55 | Long             | LON              | CORP              | US        |  51173169 | PA      | $348746.54    | 0.02%             | 2032-01-30      | Floating      | 6.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -7745848 | PA      | $-7750633.21  | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                                | TRINITY SQUARE TRINI 2021 1A Y 144A                        | CUSIP: ACI1WK2X9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     10000 | PA      | $2463941.66   | 0.14%             | 2059-07-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DUKE FUNDING LTD 2005-HG3A                                                 | DUKE FUNDING LTD DUKEF 2005 HG3A A1B1 144A                 | CUSIP: 2644EPAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  29909825 | PA      | $191632.25    | 0.01%             | 2049-08-02      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| AVENIR ISSUER IV (IRELAND) DESIGNATED ACTIVITY COMPANY                     | AVENIR ISSUER IV IRLND SR SECURED REGS 10/27 6             | CUSIP: ACI2S8C83<br>LEI: 894500E9CKDEAOMG0B46 | Long             | DBT              | NUSS              | IE        |   4710027 | PA      | $4418101.95   | 0.26%             | 2027-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VIALTO PARTNERS (GALAXY US OPCO INC)                                       | GALAXY US OPCO INC. TERM LOAN                              | CUSIP: 36321DAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  10023514 | PA      | $9365720.45   | 0.55%             | 2030-07-31      | Fixed         | 10.03%                | No            |                  2 | On Loan: No      |
| CORESTATE CAPITAL HOLDING SA                                               | CORESTATE CAPITAL HOLDING COMMON STOCK                     | CUSIP: ACI2J2G58<br>LEI: 529900GNB86RB7HRX793 | Long             | EC               | CORP              | LU        |    632951 | NS      | $0.74         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BBCMS TRUST 2018-CBM                                                       | BARCLAYS COMMERCIAL MORTGAGE S BBCMS 2018 CBM E 144A       | CUSIP: 05549RAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2100000 | PA      | $1532933.85   | 0.09%             | 2037-07-15      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | ALTICE FRANCE SA SR SECURED REGS 07/29 4                   | CUSIP: ACI1X3WT2<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $99076.70     | 0.01%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WARBURG REVERSE REPO                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -9367787 | PA      | $-9465282.24  | -0.55%            |  |  |  | No            |                  2 | On Loan: No      |
| CPS AUTO SECURITIZATION TRUST 2025-1                                       | CPS AUTO TRUST CPS 2025 1 A 144A                           | CUSIP: 22411GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $8130583.60   | 0.47%             | 2032-06-16      | Fixed         | 11.00%                | No            |                  3 | On Loan: No      |
| COLT 2023-1 MORTGAGE LOAN TRUST                                            | COLT FUNDING LLC COLT 2023 1 B1 144A                       | CUSIP: 19688NAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3288000 | PA      | $3304593.88   | 0.19%             | 2068-04-25      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | 3 MONTH SOFR FUT  MAR26 XCME 20260616                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -36 | NC      | $109591.44    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $28.79        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMSURG (AMBULATORY TOPCO LLC)                                              | AMSURG EQUITY EQTYAS910                                    | CUSIP: 902RDL901<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1571862 | NS      | $70964330.28  | 4.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO NATEXIS BANQUE REVERSE REPO                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -2800000 | PA      | $-2847460.00  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250807                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $40652.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -6628981 | PA      | $-6648709.10  | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW ORLEANS HOTEL TRUST 2019-HNLA                                          | NEW ORLEANS HOTEL TRUST NOHT 2019 HNLA E 144A              | CUSIP: 647622AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11978000 | PA      | $11624984.38  | 0.68%             | 2032-04-15      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 12/18/24-10Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $113313.59    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPOS                                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |  -4190260 | PA      | $-5766407.70  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS (PEMEX)                                                | PETROLEOS MEXICANOS COMPANY GUAR 02/32 6.7                 | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   4206000 | PA      | $3911465.60   | 0.23%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| TITANIUM 2L BONDCO SA RL                                                   | TITANIUM 2L BONDCO S.? R.L. EO 01/31 6.25                  | CUSIP: ACI2R0R44<br>LEI: 636700S4QMU2DWYOSF67 | Long             | DBT              | CORP              | LU        |  20125000 | PA      | $6990915.87   | 0.41%             | 2031-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                                   | IHEARTCOMMUNICATIONS INC 2024 TERM LOAN                    | CUSIP: 45174UAJ7<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |   6660953 | PA      | $5448093.09   | 0.32%             | 2029-05-01      | Floating      | 10.22%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 12/18/24-3Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $2708731.15   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-1440             | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 1440 F 144A      | CUSIP: 46653DAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $107717.82    | 0.01%             | 2036-03-15      | Floating      | 9.28%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 12/18/24-4Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $436611.78    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT INC                                              | ANNALY CAPITAL MANAGEMENT IN REIT USD.01                   | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |    609500 | NS      | $11470790.00  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERGLADES RE II LTD                                                       | EVERGLADES RE II LTD UNSECURED 144A 05/31 VAR              | CUSIP: 30014LAP9<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $518250.00    | 0.03%             | 2031-05-13      | Floating      | 17.06%                | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                                                          | U S RENAL CARE INC 2023 SUPERPRIORITY TERM LOAN            | CUSIP: 90290PAS3<br>LEI: 54930058SS5MF69JGN89 | Long             | LON              | CORP              | US        |  41181804 | PA      | $39088327.10  | 2.28%             | 2028-06-20      | Floating      | 9.44%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -7640347 | PA      | $-7828766.64  | -0.46%            |  |  |  | No            |                  2 | On Loan: No      |
| RUSSIAN GOVT                                                               | RUSSIAN FEDERATION SR UNSECURED REGS 04/42 5.625           | CUSIP: X74344DS2<br>LEI: 5493004EHVGF71PDBU58 | Long             | DBT              | NUSS              | RU        |   3200000 | PA      | $2240000.00   | 0.13%             | 2042-04-04      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BNP PARIBAS REPU REGIONS BANK                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3744000 | PA      | $-3812504.94  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3577889 | PA      | $-3577889.02  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| EQUINITI (ARMOR HOLDCO INC)                                                | ARMOR HOLDCO INC COMPANY GUAR 144A 11/29 8.5               | CUSIP: 04625PAA9<br>LEI: 254900X6HLK0YPTHHF09 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2686050.36   | 0.16%             | 2029-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2021-59                                                  | FANNIE MAE FNR 2021 59 KI                                  | CUSIP: 3136BGB75<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  21319130 | PA      | $4577679.91   | 0.27%             | 2051-09-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2018-1                          | FREDDIE MAC   SCRT SCRT 2018 1 BX                          | CUSIP: 35563PEX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18113528 | PA      | $8106071.64   | 0.47%             | 2057-05-25      | Variable      | 3.49%                 | No            |                  2 | On Loan: No      |
| ADJUSTABLE RATE MORTAGE TRUST 2005-11                                      | ADJUSTABLE RATE MORTGAGE TRUST ARMT 2005 11 2A42           | CUSIP: 007036VE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1003709 | PA      | $632324.88    | 0.04%             | 2036-02-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -4271834 | PA      | $-4274425.33  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT JPY SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $46.44        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 4999                                                    | FREDDIE MAC FHR 4999 DS                                    | CUSIP: 3137FV3C4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6754259 | PA      | $697794.61    | 0.04%             | 2043-03-15      | Floating      | 1.78%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2017-CHOP                      | CREDIT SUISSE MORTGAGE TRUST CSMC 2017 CHOP E 144A         | CUSIP: 12651QAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19982000 | PA      | $19852268.86  | 1.16%             | 2032-07-15      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 09/25 0.00000                                | CUSIP: 912797PW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3196000 | PA      | $3168939.46   | 0.19%             | 2025-09-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -6162500 | PA      | $-6169078.47  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| DOLP TRUST 2021-NYC                                                        | DOLP TRUST DOLP 2021 NYC X 144A                            | CUSIP: 23345LAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        | 309500000 | PA      | $9249051.58   | 0.54%             | 2041-05-10      | Variable      | 0.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD JPY BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $33.67        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT IDR SOLD USD 20250716                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $129.19       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2021-R01                               | FANNIE MAE   CAS CAS 2021 R01 1B2 144A                     | CUSIP: 20754RAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   7100000 | PA      | $7418630.96   | 0.43%             | 2041-10-25      | Floating      | 10.31%                | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC 2021-A                                       | COLLEGE AVE STUDENT LOANS CASL 2021 A D 144A               | CUSIP: 19424KAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    829930 | PA      | $780977.64    | 0.05%             | 2051-07-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 08/25 0.00000                                | CUSIP: 912797PN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    576000 | PA      | $572973.68    | 0.03%             | 2025-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FIRST NLC TRUST 2005-3                                                     | FIRST NLC TRUST FNLC 2005 3 M2                             | CUSIP: 32113JBV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9819888 | PA      | $8556706.86   | 0.50%             | 2035-12-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| THAMES WATER UTILITIES FINANCE PLC                                         | THAMES WATER UTILITIES LIMITED 2021 GBP REVOLVER           | CUSIP: BA0008XV5<br>LEI: 213800ESMPQ4RQ7G8351 | Long             | LON              | CORP              | GB        |   2106419 | PA      | $2117932.09   | 0.12%             | 2025-11-28      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING TRUST 2014-R8                                      | BANC OF AMERICA FUNDING CORPOR BAFC 2014 R8 A2 144A        | CUSIP: 05969MAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2808713 | PA      | $2385160.92   | 0.14%             | 2036-06-26      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5115                                                    | FREDDIE MAC FHR 5115 IM                                    | CUSIP: 3137H0ZX9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6861856 | PA      | $1301763.33   | 0.08%             | 2051-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                                                          | US RENAL CARE INC SR SECURED 144A 06/28 10.625             | CUSIP: 90355YAA5<br>LEI: 54930058SS5MF69JGN89 | Long             | DBT              | CORP              | US        |   7140700 | PA      | $6114224.38   | 0.36%             | 2028-06-28      | Fixed         | 10.62%                | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5080                                                    | FREDDIE MAC FHR 5080 IG                                    | CUSIP: 3137FXUX4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5130038 | PA      | $1208797.08   | 0.07%             | 2048-11-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EL SALVADOR GOVT                                                           | REPUBLIC OF EL SALVADOR REPUBLIC OF EL SALVADOR            | CUSIP: 283875CE0<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |   5700000 | PA      | $6049125.00   | 0.35%             | 2030-04-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| EL SALVADOR GOVT                                                           | REPUBLIC OF EL SALVADOR SR UNSECURED 144A 11/54 9.65       | CUSIP: 283875CG5<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |   3500000 | PA      | $3613750.00   | 0.21%             | 2054-11-21      | Fixed         | 9.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO THE BANK OF NOVA REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -14589488 | PA      | $-14753635.72 | -0.86%            |  |  |  | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL GMBH                                              | CHEPLAPHARM ARZNEIMITTEL SR SECURED REGS 01/28 4.375       | CUSIP: ACI1S21J6<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |   2400000 | PA      | $2800387.83   | 0.16%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WARBURG                                       | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |   -971663 | PA      | $-1145901.12  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| MYERS PARK CLO LTD 2018-1A                                                 | FEE0009J9 MYERS 2018 1A SUB FEE                            | CUSIP: 937ZOKII3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13000000 | PA      | $156664.56    | 0.01%             | 2030-10-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| BANC OF AMERICA FUNDING 2014-R7 TRUST 2014-R7                              | BANC OF AMERICA FUNDING CORPOR BAFC 2014 R7 2A2 144A       | CUSIP: 05963SAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4113664 | PA      | $3013920.83   | 0.18%             | 2036-09-26      | Variable      | 3.59%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -5424098 | PA      | $-5501866.17  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| COMM 2019-521F MORTGAGE TRUST                                              | COMM MORTGAGE TRUST COMM 2019 521F F 144A                  | CUSIP: 20048GAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7400000 | PA      | $5291000.00   | 0.31%             | 2034-06-15      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO JPM CHASE                                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -6959400 | PA      | $-7011141.21  | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-ASH8             | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 ASH8 D 144A      | CUSIP: 46649JAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1234177 | PA      | $1169766.25   | 0.07%             | 2035-02-15      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 10/25 0.00000                                | CUSIP: 912797RB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    655000 | PA      | $647514.51    | 0.04%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTEGRITY RE III LTD                                                       | INTEGRITY RE III UNSECURED 144A 06/27 VAR                  | CUSIP: 45870GAF3<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |    300000 | PA      | $302190.00    | 0.02%             | 2027-06-06      | Floating      | 29.81%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO CIBC                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3561563 | PA      | $-3599069.49  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| CSMC TRUST 2022-NQM2                                                       | CREDIT SUISSE MORTGAGE TRUST CSMC 2022 NQM2 XS 144A        | CUSIP: 12664VAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        | 351689825 | PA      | $263134.33    | 0.02%             | 2067-02-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOAN MORTGAGE PASS THROUGH TRUST 2005-J2                  | COUNTRYWIDE HOME LOANS CWHL 2005 J2 2A4                    | CUSIP: 12669GU58<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2203315 | PA      | $1723744.09   | 0.10%             | 2035-08-25      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3930276 | PA      | $-3943366.07  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| GREAT HALL MORTGAGES PLC 2007-2X                                           | GREAT HALL MORTGAGES PLC GHM 2007 2X EA REGS               | CUSIP: G41577BG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |   1940000 | PA      | $2604253.70   | 0.15%             | 2039-06-18      | Floating      | 8.19%                 | No            |                  2 | On Loan: No      |
| STREAM INNOVATIONS 2024-1 ISSUER TRUST                                     | STREAM INNOVATIONS ISSUER TRUS STRE 2024 1A A 144A         | CUSIP: 86324CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    352947 | PA      | $366823.02    | 0.02%             | 2044-07-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE TRUST 2020-C6                                 | BARCLAYS COMMERCIAL MORTGAGE S BBCMS 2020 C6 F5TB 144A     | CUSIP: 05492TBH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12650000 | PA      | $10078704.08  | 0.59%             | 2053-02-15      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 06/20/24-5Y LCH                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-384697.22   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| COHESITY INC                                                               | CLOVER 2024 HOLDINGS INC VERITAS G PREFERRED               | CUSIP: 955EHZ901<br>LEI: 254900JU2GC36CXYYG09 | Long             | EP               | CORP              | US        |     16329 | NS      | $288632.37    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-594721.94   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | IRS EUR 2.25000 09/17/25-5Y LCH                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $-81727.79    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| THAMES WATER UTILITIES LIMITED                                             | THAMES WATER UTIL LTD SR SECURED 144A 03/27 0.00000        | CUSIP: ACI2VX3Q4<br>LEI: 213800JKM5UQHFJOTZ25 | Long             | DBT              | CORP              | GB        |     25717 | PA      | $29796.31     | 0.00%             | 2027-03-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -6530298 | PA      | $-6556745.71  | -0.38%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAPITAL LLC            | UNITI GROUP/CSL CAPITAL SR SECURED 144A 02/28 10.5         | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4976000 | PA      | $5278503.53   | 0.31%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| PIMCO FUNDS                                                                | PIMCO PRV SHORT TERM FLT III MUTUAL FUND                   | CUSIP: 000000000<br>LEI: LWVQWTQCFH3YG7CVH718 | Long             | STIV             | RF                | US        |  14919266 | PA      | $145268896.29 | 8.49%             |  |  |  | No            |                  1 | On Loan: No      |
| COHESITY INC                                                               | CLOVER 2024 HOLDINGS INC VERITAS G 1 PREFERRED             | CUSIP: 955EKAII3<br>LEI: 254900JU2GC36CXYYG09 | Long             | EP               | CORP              | US        |     11281 | NS      | $199403.62    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KKR CLO 31 LTD 31A                                                         | KKR FINANCIAL CLO LTD KKR 31A SUB 144A                     | CUSIP: 48254MAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $4048479.00   | 0.24%             | 2034-04-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-79262.29    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260505                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-452.28      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FUTBOL CLUB BARCELONA SL                                                   | ESPAI BRCA FNDO DE TITULZACION EUR TERM LOAN               | CUSIP: 948FVAII8<br>LEI: 95980020140005871781 | Long             | LON              | CORP              | ES        |   7168172 | PA      | $9737570.83   | 0.57%             | 2028-05-31      | Fixed         | 4.27%                 | No            |                  3 | On Loan: No      |
| FREMONT HOME LOAN TRUST 2005-A                                             | FREMONT HOME LOAN TRUST FHLT 2005 A M5                     | CUSIP: 35729PHQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7146632 | PA      | $5812374.65   | 0.34%             | 2035-01-25      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 4073                                                    | FREDDIE MAC FHR 4073 SB                                    | CUSIP: 3137ARYF7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1476034 | PA      | $148047.58    | 0.01%             | 2042-07-15      | Floating      | 1.58%                 | No            |                  2 | On Loan: No      |
| VERAISON RE LTD                                                            | VERAISON RE LTD UNSECURED 144A 03/31 VAR                   | CUSIP: 92335TAB5<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |   1600000 | PA      | $1674800.00   | 0.10%             | 2031-03-10      | Floating      | 16.95%                | No            |                  2 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                                | TRINITY SQUARE TRINI 2021 1A ER                            | CUSIP: ACI2NNDQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |   4682000 | PA      | $6413222.65   | 0.37%             | 2059-07-15      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| DENALI INTERMEDIATE HOLDINGS INC                                           | DUN + BRADSTREET CORPOR THE 2025 REVOLVER                  | CUSIP: BA000K747<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    381818 | PA      | $378000.00    | 0.02%             | 2032-05-31      | Floating      | 9.58%                 | No            |                  3 | On Loan: No      |
| FIRST FRANKLIN MTG LOAN 2006-FF14                                          | FIRST FRANKLIN MTG LOAN ASSET FFML 2006 FF14 A6            | CUSIP: 32027LAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6000000 | PA      | $4900815.60   | 0.29%             | 2036-10-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT              | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 WPT EFL 144A     | CUSIP: 46645WAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $6325000.00   | 0.37%             | 2033-07-05      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -8559183 | PA      | $-8591458.13  | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| COREWEAVE COMPUTE ACQUISITION CO II LLC                                    | COREWEAVE CMPTE ACQU CO II LLC 2024 DELAYED DRAW TERM LOAN | CUSIP: BA0004JK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  21900000 | PA      | $22413240.95  | 1.31%             | 2029-05-30      | Floating      | 6.88%                 | No            |                  3 | On Loan: No      |
| SECURITIZED ASSET BACKED RECEIVABLES LLC 2006-FR2                          | SECURITIZED ASSET BACKED RECEI SABR 2006 FR2 A3            | CUSIP: 81376VAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1377680 | PA      | $861307.24    | 0.05%             | 2036-03-25      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5144                                                    | FREDDIE MAC FHR 5144 GI                                    | CUSIP: 3137H26C3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8198189 | PA      | $1118499.42   | 0.07%             | 2051-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAXON ASSET SECURITIES TRUST-2006-2                                        | SAXON ASSET SECURITIES TRUST SAST 2006 2 M3                | CUSIP: 80556XAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11235949 | PA      | $8521858.63   | 0.50%             | 2036-09-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO THE BANK OF NOVA REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -4673053 | PA      | $-4677450.86  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                               | UKRAINE GOVERNMENT SR UNSECURED 144A 02/34 VAR             | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   1013511 | PA      | $393242.27    | 0.02%             | 2034-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1                              | GS MORTGAGE BACKED SECURITIES GSMBS 2021 RPL1 B 144A       | CUSIP: 36261WAP2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  34467608 | PA      | $23541362.44  | 1.38%             | 2060-12-25      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| EVERGLADES RE II LTD                                                       | EVERGLADES RE II LTD UNSECURED 144A 05/31 VAR              | CUSIP: 30014LAM6<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $521850.00    | 0.03%             | 2031-05-13      | Floating      | 14.81%                | No            |                  2 | On Loan: No      |
| CSMCM TRUST 2018-RPL3                                                      | CSMCM TRUST CERTIFICATES CSMCM 2018 RPL3 CERT 144A         | CUSIP: 12655AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9593369 | PA      | $7095184.43   | 0.41%             | 2050-07-25      | Variable      | -0.11%                | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                               | UKRAINE GOVERNMENT SR UNSECURED 144A 02/35 VAR             | CUSIP: 903724CF7<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    856488 | PA      | $406831.80    | 0.02%             | 2035-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 12/18/24-2Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-119577.90   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| VASA TRUST 2021-VASA                                                       | VASA TRUST VASA 2021 VASA E 144A                           | CUSIP: 92230AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $8514255.00   | 0.50%             | 2039-07-15      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| YINSON PRODUCTION FINANCIAL SERVICES PTE LTD                               | YINSON PRODUCTION FINANC SR SECURED 144A REGS 05/29 9.6    | CUSIP: ACI2NT341<br>LEI: 254900TYMSC94RS33U73 | Long             | DBT              | CORP              | SG        |   3800000 | PA      | $3950504.09   | 0.23%             | 2029-05-03      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                                | TURKIYE GOVERNMENT BOND BONDS 05/28 VAR                    | CUSIP: ACI2PJ5W7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |  79200000 | PA      | $1929390.79   | 0.11%             | 2028-05-17      | Floating      | 48.80%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO NATEXIS BANQUE REVERSE REPO                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -5489555 | PA      | $-5566408.79  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD ZAR BOUGHT USD 20250723                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $-25964.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2024-A                      | SANTANDER BANK AUTO CREDIT LIN SBCLN 2024 A F 144A         | CUSIP: 80290CCN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3143279 | PA      | $3195948.99   | 0.19%             | 2032-06-15      | Fixed         | 10.17%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-55398.53    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LOAN TR 2005-OPT4                                    | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2005 OPT4 M2           | CUSIP: 83611MJM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6311921 | PA      | $5797363.08   | 0.34%             | 2035-12-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| SYNIVERSE CORPORATION                                                      | SYNIVERSE PFD PIK PFDJJZ917                                | CUSIP: 936UVD902<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   8566268 | NS      | $8107535.33   | 0.47%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WARBURG                                       | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |  -2993876 | PA      | $-3530774.85  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                     | VENTURE GLOBAL LNG INC SR SECURED 144A 02/29 9.5           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   6414000 | PA      | $6991279.24   | 0.41%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CLAVEAU RE LTD                                                             | CLAVEAU RE LTD UNSECURED 144A 07/28 VAR                    | CUSIP: 182896AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1088319 | PA      | $27262.40     | 0.00%             | 2028-07-08      | Floating      | 21.54%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPOS                                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |  -3219343 | PA      | $-4430057.62  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| MONTAUK POINT CDO LTD                                                      | MONTAUK POINT CDO LTD MNPT 2006 1A A1 144A                 | CUSIP: 612180AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        | 213556427 | PA      | $20821538.06  | 1.22%             | 2042-10-06      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL GMBH                                              | CHEPLAPHARM ARZNEIMITTEL SR SECURED 144A 01/28 5.5         | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |   7800000 | PA      | $7545025.80   | 0.44%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                               | UKRAINE GOVERNMENT SR UNSECURED 144A 02/35 VAR             | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   1737802 | PA      | $891492.43    | 0.05%             | 2035-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST 2022-NQM2                                                       | CREDIT SUISSE MORTGAGE TRUST CSMC 2022 NQM2 B3 144A        | CUSIP: 12664VAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9121661 | PA      | $1767848.14   | 0.10%             | 2067-02-25      | Variable      | 4.07%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH RE LTD                                                        | COMMONWEALTH RE LTD UNSECURED 144A 07/25 VAR               | CUSIP: 203235AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    300000 | PA      | $300000.00    | 0.02%             | 2025-07-08      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO NATEXIS BANQUE REVERSE REPO                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -4434259 | PA      | $-4440775.88  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| INCORA TOP HOLDCO LLC                                                      | INCORA NEW EQUITY                                          | CUSIP: 955PRF008<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    947048 | NS      | $31996495.89  | 1.87%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GRAY MEDIA INC                                                             | GRAY TELEVISION INC 2024 TERM LOAN B                       | CUSIP: 389376BC7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |   2758000 | PA      | $2761695.72   | 0.16%             | 2029-05-23      | Floating      | 9.58%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2005-HE3                                      | MORGAN STANLEY CAPITAL INC MSAC 2005 HE3 M6                | CUSIP: 61744CSL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9973886 | PA      | $7920444.71   | 0.46%             | 2035-07-25      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 12/18/24-10Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $53043.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7                                | CITIGROUP COMMERCIAL MORTGAGE CGCMT 2019 C7 805B 144A      | CUSIP: 17328CBM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4750000 | PA      | $994154.58    | 0.06%             | 2072-12-15      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| URSA RE LTD                                                                | URSA RE LTD UNSECURED 144A 02/28 VAR                       | CUSIP: 90323WAR1<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |    900000 | PA      | $905310.00    | 0.05%             | 2028-02-22      | Floating      | 11.82%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPOS                                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |  -1382250 | PA      | $-1902108.93  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| VALE SA                                                                    | VALE SA SUBORDINATED 12/49 VAR                             | CUSIP: B011X9II2<br>LEI: 254900SMTWBX7RU2SR20 | Long             | DBT              | CORP              | BR        | 340000000 | PA      | $21668108.45  | 1.27%             | 2049-12-29      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | ALTICE FRANCE SA SR SECURED 144A 01/28 5.5                 | CUSIP: 02156LAC5<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   3800000 | PA      | $3201500.00   | 0.19%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LONG WALK REINSURANCE LTD                                                  | LONG WALK REINSURANCE UNSECURED 144A 01/31 VAR             | CUSIP: 54289CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1700000 | PA      | $1723120.00   | 0.10%             | 2031-01-30      | Floating      | 14.05%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD GBP BOUGHT USD 20250804                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-621926.30   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA1                                    | FREDDIE MAC   STACR STACR 2021 DNA1 B2 144A                | CUSIP: 35564KBE8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1700000 | PA      | $1880176.88   | 0.11%             | 2051-01-25      | Floating      | 9.06%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-5803.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250709                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $9833.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPOS                                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |  -4153431 | PA      | $-5716752.14  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD JPY BOUGHT USD 20250804                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $-46.44       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260615                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-97.14       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                         | ENDURANCE INTERNATIONAL GROUP NON COOP TERM LOAN           | CUSIP: 29279UAB2<br>LEI: 549300UTQC2651SB0W88 | Long             | LON              | CORP              | US        |   5968992 | PA      | $4596124.02   | 0.27%             | 2028-02-10      | Floating      | 7.93%                 | No            |                  3 | On Loan: No      |
| PROMOTORA DE INFORMACIONES SA (PRISA)                                      | PROMOTORA DE INFORMACIONES A COMMON STOCK EUR.1            | CUSIP: BXC8GV902<br>LEI: 959800U3NGPXSCQHQW54 | Long             | EC               | CORP              | ES        |   1623357 | NS      | $726649.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTICE FRANCE SA                                                           | ALTICE FRANCE SA SR SECURED REGS 02/27 5.875               | CUSIP: ACI13Z7Z8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $425433.91    | 0.02%             | 2027-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FORWARD AIR CORPORATION                                                    | CLUE OPCO LLC SR SECURED 144A 10/31 9.5                    | CUSIP: 36267QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2495000 | PA      | $2647394.60   | 0.15%             | 2031-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REV REPO STANDARD CHARTERED BA ZCP                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |  -3956951 | PA      | $-4686884.61  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | EGYPT EM SP BRC                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |         1 | NC      | $-647182.60   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| SFO COMMERCIAL MORTGAGE TRUST 2021-555                                     | SFO COMMERICAL MORTGAGE TRUST SFO 2021 555 F 144A          | CUSIP: 78432WAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8000000 | PA      | $6913228.00   | 0.40%             | 2038-05-15      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2017-4                          | FREDDIE MAC   SCRT SCRT 2017 4 BIO 144A                    | CUSIP: 35563PDN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5323989 | PA      | $1013088.11   | 0.06%             | 2057-06-25      | Variable      | 2.44%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD CHF BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |         1 | NC      | $-4093.40     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TR INC 2006-AR6                                        | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2006 AR6 1A1           | CUSIP: 17309RAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1057399 | PA      | $961634.94    | 0.06%             | 2036-08-25      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| HARP FINCO LIMITED                                                         | HARP FINCO LIMITED GBP TERM LOAN                           | CUSIP: BA0008GH5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   5324914 | PA      | $7172467.86   | 0.42%             | 2032-03-27      | Floating      | 9.72%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | BOUGHT JPY SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $1956.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | 3 MONTH SOFR FUT  DEC25 XCME 20260317                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -38 | NC      | $143937.95    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ASHFORD HOSPITALITY TRUST 2018-ASHF                                        | ASHFORD HOSPITALITY TRUST AHT1 2018 ASHF D 144A            | CUSIP: 04410RAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2466665.00   | 0.14%             | 2035-04-15      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                                | TRINITY SQUARE TRINI 2021 1A GR                            | CUSIP: ACI2NNDW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |   4682000 | PA      | $6239962.72   | 0.36%             | 2059-07-15      | Floating      | 9.82%                 | No            |                  2 | On Loan: No      |
| STEENBOK LUX FINCO 1 SARL                                                  | STEENBOK LUX FINCO 2 SARL 2023 EUR PIK TERM LOAN RESTRUC   | CUSIP: 948FWJII8<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |  11560363 | PA      | $2617767.14   | 0.15%             | 2026-06-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3150825 | PA      | $-3154188.50  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| THAMES WATER UTILITIES FINANCE PLC                                         | THAMES WATER UTIL FIN SR SECURED REGS 07/36 4.375          | CUSIP: B839Q3II7<br>LEI: 213800ESMPQ4RQ7G8351 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $180403.90    | 0.01%             | 2036-07-03      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250718                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $31695.71     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC 2024-A                                       | COLLEGE AVE STUDENT LOANS CASL 2024 A D 144A               | CUSIP: 19424RAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1971000 | PA      | $1983580.89   | 0.12%             | 2054-06-25      | Fixed         | 8.66%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL GMBH                                              | CHEPLAPHARM ARZNEIMITTEL CHEPLAPHARM ARZNEIMITTEL          | CUSIP: ACI2Y4GV0<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |   1700000 | PA      | $2018273.47   | 0.12%             | 2031-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| EAST LANE RE VII LTD                                                       | EAST LANE RE VII LTD UNSECURED 144A 03/26 VAR              | CUSIP: 27332EAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    300000 | PA      | $303855.00    | 0.02%             | 2026-03-31      | Floating      | 13.55%                | No            |                  2 | On Loan: No      |
| DOLP TRUST 2021-NYC                                                        | DOLP TRUST DOLP 2021 NYC G 144A                            | CUSIP: 23345LAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6000000 | PA      | $4055122.20   | 0.24%             | 2041-05-10      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2021-3                          | FREDDIE MAC   SCRT SCRT 2021 3 M 144A                      | CUSIP: 35563P6P9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3263000 | PA      | $2947452.89   | 0.17%             | 2061-03-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP / JETBLUE LOYALTY LP                                  | JETBLUE AIRWAYS/LOYALTY JETBLUE AIRWAYS/LOYALTY            | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6804000 | PA      | $6623736.66   | 0.39%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250814                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $2280.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -8834512 | PA      | $-8861344.88  | -0.52%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                               | UKRAINE GOVERNMENT SR UNSECURED 144A 02/36 VAR             | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   1613673 | PA      | $806836.50    | 0.05%             | 2036-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20250729                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-585.08      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                                               | AMS OSRAM AG SR UNSECURED 144A 03/29 12.25                 | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |   7600000 | PA      | $8115821.35   | 0.47%             | 2029-03-30      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO PARIBAS                                       | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -15995980 | PA      | $-16177001.17 | -0.94%            |  |  |  | No            |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES 2024-1                     | THE HUNTINGTON NATIONAL BANK HACLN 2024 1 B1 144A          | CUSIP: 44644NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1467453 | PA      | $1493066.29   | 0.09%             | 2032-05-20      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD CHF BOUGHT USD 20250804                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |         1 | NC      | $-999.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1                              | GS MORTGAGE BACKED SECURITIES GSMBS 2021 RPL1 SA 144A      | CUSIP: 36261WAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142107 | PA      | $136271.79    | 0.01%             | 2060-12-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                               | ECOPETROL SA SR UNSECURED 01/36 8.375                      | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    520000 | PA      | $502065.98    | 0.03%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -2168496 | PA      | $-2171004.92  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO NATEXIS BANQUE REVERSE REPO                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3080243 | PA      | $-3088440.27  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC                | UNITI GRP/UNITI HLD/CSL COMPANY GUAR 144A 01/30 6          | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21202000 | PA      | $19884412.31  | 1.16%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20270610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-485.94      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR GBP SONIO/3.50000 03/19/25-5Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |         1 | NC      | $-309399.35   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                               | ECOPETROL SA SR UNSECURED 01/33 8.875                      | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   1000000 | PA      | $1032305.17   | 0.06%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY REREMIC TRUST 2010-R5                                       | MORGAN STANLEY REREMIC TRUST MSRR 2010 R5 3B 144A          | CUSIP: 61759HAZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2492741 | PA      | $2591723.25   | 0.15%             | 2037-03-26      | Floating      | 3.28%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/1.75000 12/21/22-30Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $10395107.10  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260630                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $66.46        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO CREDIT AGRICOLE 03/14 VAR                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -896475 | PA      | $-899682.59   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES 2024-2                     | THE HUNTINGTON NATIONAL BANK HACLN 2024 2 D 144A           | CUSIP: 44644NAK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    795629 | PA      | $804850.92    | 0.05%             | 2032-10-20      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)                               | MPH ACQUISITION HOLDINGS SR SECURED 144A 12/30 5.75        | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |  11200000 | PA      | $9235408.00   | 0.54%             | 2030-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260504                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-286.15      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT CHF SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |         1 | NC      | $997.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPOS                                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |  -3385960 | PA      | $-4659933.35  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                         | NEWFOLD DIGITAL HLDGS GR SR SECURED 144A 10/28 11.75       | CUSIP: 650929AA0<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |    610000 | PA      | $460550.00    | 0.03%             | 2028-10-15      | Fixed         | 11.75%                | No            |                  3 | On Loan: No      |
| WINSTON RE LTD                                                             | WINSTON RE LTD UNSECURED 144A 02/31 VAR                    | CUSIP: 975660AA9<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $264500.00    | 0.02%             | 2031-02-26      | Floating      | 14.54%                | No            |                  2 | On Loan: No      |
| SFO COMMERCIAL MORTGAGE TRUST 2021-555                                     | SFO COMMERICAL MORTGAGE TRUST SFO 2021 555 E 144A          | CUSIP: 78432WAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18000000 | PA      | $17330868.00  | 1.01%             | 2038-05-15      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD GBP BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-26129.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -2885625 | PA      | $-2909865.49  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                               | UKRAINE GOVERNMENT SR UNSECURED 144A 02/36 VAR             | CUSIP: 903724CG5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    713740 | PA      | $337242.15    | 0.02%             | 2036-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| INTELSAT JACKSON HOLDINGS SA                                               | INTELSAT JACKSON HLDG SR SECURED 144A 03/30 6.5            | CUSIP: 45824TBC8<br>LEI: 8XJ8KF85PBKK1TLMFN29 | Long             | DBT              | CORP              | LU        |  19222000 | PA      | $19648654.01  | 1.15%             | 2030-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| YINSON BORONIA PRODUCTION BV                                               | YINSON BORONIA PRODUCTIO SR SECURED 144A 07/42 8.947       | CUSIP: 98584XAA3<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |   2874422 | PA      | $3062801.10   | 0.18%             | 2042-07-31      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| J&J VENTURES GAMING LLC                                                    | J + J VENTURES GAMING LLC 2024 TERM LOAN                   | CUSIP: 46604BAG3<br>LEI: 549300BYPH8FLKS5ZS70 | Long             | LON              | CORP              | US        |   2570575 | PA      | $2594221.03   | 0.15%             | 2028-04-26      | Floating      | 9.44%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO ROYAL BANK OF CAN                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -992219 | PA      | $-995540.18   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -16481568 | PA      | $-16532532.67 | -0.97%            |  |  |  | No            |                  2 | On Loan: No      |
| HESTIA RE LTD                                                              | HESTIA RE LTD UNSECURED 144A 03/32 VAR                     | CUSIP: 42815KAD4<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $246737.50    | 0.01%             | 2032-03-13      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250701                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $126882.86    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2022-DNA2             | FREDDIE MAC   STACR STACR 2022 DNA2 B2 144A                | CUSIP: 35564KSQ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1200000 | PA      | $1311729.84   | 0.08%             | 2042-02-25      | Floating      | 12.81%                | No            |                  2 | On Loan: No      |
| PENNYMAC CORP                                                              | PENNYMAC CORP COMPANY GUAR 03/26 5.5                       | CUSIP: 70932AAF0<br>LEI: EWN0I878407TKQNXZ933 | Long             | DBT              | CORP              | US        |  24225000 | PA      | $24067537.50  | 1.41%             | 2026-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | ALTICE FRANCE SA SR SECURED 144A 07/29 5.125               | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   6421000 | PA      | $5313377.50   | 0.31%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                                   | ALTICE FRANCE HOLDING SA SR SECURED REGS 02/28 4           | CUSIP: ACI1LBML5<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |   2200000 | PA      | $928073.70    | 0.05%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                       | EDISON INTERNATIONAL SR UNSECURED 03/30 6.25               | CUSIP: 281020BC0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508002.49    | 0.03%             | 2030-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MONTAUK POINT CDO LTD 2006-2A                                              | MONTAUK POINT CDO LTD MNPT 2006 2A A1S 144A                | CUSIP: 612181AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        | 327058386 | PA      | $9367606.30   | 0.55%             | 2046-04-06      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| MASTR ASSET BACKED SECUR TR 2006-AM1                                       | MASTR ASSET BACKED SECURITIES MABS 2006 AM1 M2             | CUSIP: 57643LQE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6311051 | PA      | $4826762.30   | 0.28%             | 2036-01-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| THAMES WATER UTILITIES FINANCE PLC                                         | THAMES WATER UTIL FIN SR SECURED REGS 09/39 5.125          | CUSIP: B1FGYYII6<br>LEI: 213800ESMPQ4RQ7G8351 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $184455.29    | 0.01%             | 2039-09-28      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |  -1265400 | PA      | $-1491635.92  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| AAMES MORTGAGE INVESTMENT TRUST 2004-1                                     | AAMES MORTGAGE INVESTMENT TRUS AMIT 2004 1 M7              | CUSIP: 00252FAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $3868552.50   | 0.23%             | 2035-01-25      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                              | EGYPT GOVERNMENT BOND BONDS 03/28 21.954                   | CUSIP: ACI2VM0V0<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        | 877000000 | PA      | $17443282.46  | 1.02%             | 2028-03-04      | Fixed         | 21.95%                | No            |                  2 | On Loan: No      |
| CLOVER HOLDINGS 2 LLC                                                      | CLOVER HOLDINGS 2 LLC REVOLVER                             | CUSIP: 18914DAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1807539 | PA      | $1803661.83   | 0.11%             | 2029-12-10      | Floating      | 0.52%                 | No            |                  2 | On Loan: No      |
| FREED ABS TRUST 2020-3FP                                                   | FREED ABS TRUST FREED 2020 3FP CERT 144A                   | CUSIP: 35634LAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4226 | PA      | $4940.68      | 0.00%             | 2027-09-20      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260521                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $31.70        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT IDR SOLD USD 20250716                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $60.22        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2020-MKST           | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2020 MKST C 144A      | CUSIP: 46652DAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $153510.00    | 0.01%             | 2036-12-15      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                               | ECOPETROL SA SR UNSECURED 11/31 4.625                      | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   4900000 | PA      | $4142203.73   | 0.24%             | 2031-11-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3174646 | PA      | $-3215241.54  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS (1261229 BC LTD)                                         | BAUSCH HEALTH COMPANIES INC 2025 TERM LOAN B               | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   6700000 | PA      | $6476488.00   | 0.38%             | 2030-10-08      | Floating      | 10.56%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1864616 | PA      | $-1891031.36  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 08/25 0.00000                                | CUSIP: 912797PP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1833000 | PA      | $1821812.34   | 0.11%             | 2025-08-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BNP PARIBAS REPU REGIONS BANK                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -5177832 | PA      | $-5188036.58  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| RUSSIAN GOVT                                                               | RUSSIAN FEDERATION SR UNSECURED 144A 04/42 5.625           | CUSIP: 78307ADE0<br>LEI: 5493004EHVGF71PDBU58 | Long             | DBT              | NUSS              | RU        |   1000000 | PA      | $700000.00    | 0.04%             | 2042-04-04      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MYERS PARK CLO LTD 2018-1A                                                 | MYERS PARK CLO LTD MYERS 2018 1A SUB 144A                  | CUSIP: 62848GAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13000000 | PA      | $4046286.27   | 0.24%             | 2030-10-20      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                                | TRINITY SQUARE TRINI 2021 1A FR                            | CUSIP: ACI2NNDT8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |   4682000 | PA      | $6385710.39   | 0.37%             | 2059-07-15      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING XXIII LTD 2017-23A                                    | MADISON PARK FUNDING LTD MDPK 2017 23A SUB 144A            | CUSIP: 55820UAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5600000 | PA      | $1781939.04   | 0.10%             | 2047-07-27      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5087                                                    | FREDDIE MAC FHR 5087 IP                                    | CUSIP: 3137FFME4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8704299 | PA      | $1448780.10   | 0.08%             | 2051-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5068                                                    | FREDDIE MAC FHR 5068 GI                                    | CUSIP: 3137F8PA5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   7596270 | PA      | $864739.61    | 0.05%             | 2050-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO PARIBAS                                       | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -5001892 | PA      | $-5037808.87  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260518                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-6.84        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -12992461 | PA      | $-13046054.90 | -0.76%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | JPM CHASE REVERSE REPO EUR ZCP                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |   -738122 | PA      | $-870064.24   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD ZAR BOUGHT USD 20250723                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $-398.02      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CSMC TRUST 2022-NQM2                                                       | CREDIT SUISSE MORTGAGE TRUST CSMC 2022 NQM2 B2 144A        | CUSIP: 12664VAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12125800 | PA      | $7677789.79   | 0.45%             | 2067-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICES INC                                              | PRIME HEALTHCARE SERVICE PRIME HEALTHCARE SERVICE          | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8300000 | PA      | $8243643.00   | 0.48%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO GOLDMAN                                       | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -13318524 | PA      | $-13831809.59 | -0.81%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -5687000 | PA      | $-5693436.04  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| DOLP TRUST 2021-NYC                                                        | DOLP TRUST DOLP 2021 NYC F 144A                            | CUSIP: 23345LAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  26400000 | PA      | $19388685.36  | 1.13%             | 2041-05-10      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| ARGENTINA GOVT                                                             | REPUBLIC OF ARGENTINA SR UNSECURED 07/41 VAR               | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   5233000 | PA      | $3257542.50   | 0.19%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| THAMES WATER UTILITIES FINANCE PLC                                         | THAMES WATER UTIL FIN SR SECURED REGS 01/34 1.25           | CUSIP: ACI236111<br>LEI: 213800ESMPQ4RQ7G8351 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $151958.44    | 0.01%             | 2034-01-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| SUMMER STREET LTD 2005-1A                                                  | SUMMER STREET LTD SMSTR 2005 1A A1 144A                    | CUSIP: 86565MAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  56060041 | PA      | $12496511.89  | 0.73%             | 2045-12-06      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| DROP MORTGAGE TRUST 2021-FILE                                              | DROP MORTGAGE TRUST 2021 FILE DROP 2021 FILE D 144A        | CUSIP: 26210YAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5500000 | PA      | $4725083.00   | 0.28%             | 2043-10-15      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2025-1A                                                    | REACH FINANCIAL LLC REACH 2025 1A D 144A                   | CUSIP: 75525PAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501071.15    | 0.03%             | 2032-08-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ASSET BACKED SECURITIES TRUST 2007-AQ2                        | BEAR STEARNS ASSET BACKED SECU BSABS 2007 AQ2 A4           | CUSIP: 073857AD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6306774 | PA      | $5464043.45   | 0.32%             | 2037-01-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)                               | MPH ACQUISITION HOLDINGS SR SECURED 144A 12/30 11.5        | CUSIP: 553283AF9<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |   8550000 | PA      | $8485533.00   | 0.50%             | 2030-12-31      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAPITAL LLC            | UNITI GROUP/CSL CAPITAL COMPANY GUAR 144A 06/32 8.625      | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3033024.00   | 0.18%             | 2032-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -2619867 | PA      | $-2649209.73  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-33136.69    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CORESTATE CAPITAL HOLDING SA                                               | CORESTATE CAPITAL HOLD SR SECURED 12/26 10                 | CUSIP: ACI2J0DM8<br>LEI: 529900GNB86RB7HRX793 | Long             | DBT              | CORP              | LU        |    349178 | PA      | $370177.03    | 0.02%             | 2026-12-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1                              | GS MORTGAGE BACKED SECURITIES GSMBS 2021 RPL1 AIOS 144A    | CUSIP: 36261WAQ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        | 136198452 | PA      | $913176.57    | 0.05%             | 2060-12-25      | Variable      | 0.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -11151219 | PA      | $-11297324.49 | -0.66%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -14585201 | PA      | $-14601635.90 | -0.85%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260528                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-234.39      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNC MORTGAGE LOAN TRUST 2007-4                                             | BNC MORTGAGE LOAN TRUST BNCMT 2007 4 A2                    | CUSIP: 05570GAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  32782500 | PA      | $22954732.67  | 1.34%             | 2037-11-25      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2021-1                          | FREDDIE MAC   SCRT SCRT 2021 1 M 144A                      | CUSIP: 35563PWQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6896044 | PA      | $6630359.88   | 0.39%             | 2060-09-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | ALTICE FRANCE SA SR SECURED 144A 01/29 5.125               | CUSIP: 02156LAE1<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    800000 | PA      | $661500.00    | 0.04%             | 2029-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TIMES SQUARE HOTEL TRUST                                                   | TIMES SQUARE HOTEL TRUST PASS THRU CE 144A 08/26 8.528     | CUSIP: 887367AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160690 | PA      | $161200.47    | 0.01%             | 2026-08-01      | Fixed         | 8.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO PARIBAS                                       | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -10789041 | PA      | $-10799299.50 | -0.63%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20250701                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-35021.33    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT IDR SOLD USD 20250716                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $35.42        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO JPM CHASE                                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1233256 | PA      | $-1242243.35  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT EUR SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $92991.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7                                | CITIGROUP COMMERCIAL MORTGAGE CGCMT 2019 C7 805A 144A      | CUSIP: 17328CBK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $451363.50    | 0.03%             | 2072-12-15      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO THE BANK OF NOVA REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -11060343 | PA      | $-11122926.47 | -0.65%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -5114812 | PA      | $-5130412.68  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-62.48       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250725                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $817.34       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2006-HE5                                                       | GSAMP TRUST GSAMP 2006 HE5 M1                              | CUSIP: 362437AF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16806938 | PA      | $14118856.36  | 0.82%             | 2036-08-25      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BARCLAYS REV REPO EUR                                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |  -5204600 | PA      | $-6135710.38  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC 2024-A                                       | COLLEGE AVE STUDENT LOANS CASL 2024 A R 144A               | CUSIP: 19424R108<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10952 | PA      | $5622783.08   | 0.33%             | 2054-06-25      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-49.06       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD KWD BOUGHT USD 20290702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $11735.27     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KENNEDY WILSON EUROPE REAL ESTATE LIMITED                                  | KENNEDY WILSON EUR REAL SR UNSECURED REGS 11/25 3.25       | CUSIP: ACI0HXJ38<br>LEI: 213800WIL553Z1T6DZ52 | Long             | DBT              | CORP              | JE        |    694737 | PA      | $813041.16    | 0.05%             | 2025-11-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| THAMES WATER UTILITIES FINANCE PLC                                         | THAMES WATER UTIL FIN SR SECURED REGS 01/30 0.875          | CUSIP: ACI235LV5<br>LEI: 213800ESMPQ4RQ7G8351 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $74986.49     | 0.00%             | 2030-01-31      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2020-92                                                  | FANNIE MAE FNR 2020 92 MI                                  | CUSIP: 3136BCK33<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   9868789 | PA      | $1394950.39   | 0.08%             | 2050-02-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -402842 | PA      | $-403203.46   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -6394500 | PA      | $-6418390.56  | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                                       | LIFEPOINT HEALTH INC 2024 1ST LIEN TERM LOAN B             | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |   5475313 | PA      | $5425679.74   | 0.32%             | 2031-05-19      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| ALIGNED DATA CENTERS INTERNATIONAL LP                                      | ALIGNED DATA CENTERS INTER LP 2024 TERM LOAN               | CUSIP: BA000JN59<br>LEI: 2549007PAQ06QVDCLR50 | Long             | LON              | CORP              | US        |   8100000 | PA      | $8121606.75   | 0.47%             | 2029-12-18      | Floating      | 7.80%                 | No            |                  3 | On Loan: No      |
| ALTICE FRANCE SA                                                           | ALTICE FRANCE SA SR SECURED REGS 01/28 3.375               | CUSIP: ACI1FL2Y4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   8600000 | PA      | $8507185.50   | 0.50%             | 2028-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260602                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-19.49       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT EUR SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $47744.64     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIELDSTONE MTGE INVESTMENT CORP 2004-3                                     | FIELDSTONE MORTGAGE INVESTMENT FMIC 2004 3 M6              | CUSIP: 31659TBT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2427419 | PA      | $1910339.58   | 0.11%             | 2034-08-25      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2021-4A                                | EXETER AUTOMOBILE RECEIVABLES EART 2021 4A R 144A          | CUSIP: 30165JAN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12395 | PA      | $894875.35    | 0.05%             | 2033-12-15      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -11891880 | PA      | $-11931268.55 | -0.70%            |  |  |  | No            |                  2 | On Loan: No      |
| ARMOR RE II LTD                                                            | ARMOR RE II LTD SR UNSECURED 144A 05/31 VAR                | CUSIP: 04227FAE5<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $259112.50    | 0.02%             | 2031-05-07      | Floating      | 14.55%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO CIBC                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3609375 | PA      | $-3647044.07  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-8856372.29  | -0.52%            |  |  |  | No            |                  2 | On Loan: No      |
| MARLETTE FUNDING TRUST 2020-2A                                             | MARLETTE FUNDING TRUST MFT 2020 2A CERT 144A               | CUSIP: 57108R101<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37840 | PA      | $693535.35    | 0.04%             | 2030-09-16      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| STEENBOK LUX FINCO 2 SARL                                                  | STEENBOK LUX FINCO 2 SARL 2023 EUR PIK TL A2 RESTRUCTURE   | CUSIP: 948FWKII5<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |  53410357 | PA      | $22747776.76  | 1.33%             | 2026-06-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| STRATEGIC GAMING MANAGEMENT LLC                                            | STRATEGIC GAMING COMMITMENT PIK TERM LOAN                  | CUSIP: BA000LSD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5500000 | PA      | $5502057.83   | 0.32%             | 2030-06-17      | Fixed         | 12.59%                | No            |                  3 | On Loan: No      |
| FANNIE MAE REMICS 2012-132                                                 | FANNIE MAE FNR 2012 132 IK                                 | CUSIP: 3136AAPX7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1231741 | PA      | $85150.29     | 0.00%             | 2032-12-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2016-1                                       | MILL CITY MORTGAGE TRUST MCMLT 2016 1 X 144A               | CUSIP: 59980TAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        | 131959075 | PA      | $4009457.73   | 0.23%             | 2057-04-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| SFA COLLATERALIZED ABS 3A                                                  | SFA COLLATERALIZED ABS LTD SFA 3A B 144A                   | CUSIP: 86358WAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  41770162 | PA      | $5547328.16   | 0.32%             | 2037-07-02      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | PETROLEOS MEXICANOS (PEMEX) LA SP MYC                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |         1 | NC      | $-162031.03   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5058                                                    | FREDDIE MAC FHR 5058 I                                     | CUSIP: 3137F8XG3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4383556 | PA      | $383224.46    | 0.02%             | 2051-01-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT JPY SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $729.46       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                                | WAYFAIR LLC SR SECURED 144A 09/30 7.75                     | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    400000 | PA      | $403482.40    | 0.02%             | 2030-09-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE MORTGAGE AND ASSET RECEIVING CORP 2014-RS1                        | DEUTSCHE MORTGAGE AND ASSET RE DMARC 2014 RS1 4A2 144A     | CUSIP: 25160HAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6220717 | PA      | $5985177.11   | 0.35%             | 2036-11-27      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| NGD HOLDINGS BV                                                            | NGD HOLDINGS BV SR SECURED 12/26 6.75                      | CUSIP: ACI1XVPP6<br>LEI: 984500ED2ABF0UF46690 | Long             | DBT              | CORP              | NL        |    851117 | PA      | $774516.31    | 0.05%             | 2026-12-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARMOR RE II LTD                                                            | ARMOR RE II LTD UNSECURED 144A 01/32 VAR                   | CUSIP: 04227FAF2<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $250475.00    | 0.01%             | 2032-01-07      | Floating      | 12.80%                | No            |                  2 | On Loan: No      |
| PERU LNG SRL                                                               | PERU LNG SRL SR UNSECURED REGS 03/30 5.375                 | CUSIP: P7721BAE1<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |  13855275 | PA      | $13039793.69  | 0.76%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOLDINGS LIMITED                                      | ASTON MARTIN CAPITAL HOL ASTON MARTIN CAPITAL HOL          | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |   3300000 | PA      | $3128395.05   | 0.18%             | 2029-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2016-1                                       | MILL CITY MORTGAGE TRUST MCMLT 2016 1 XS 144A              | CUSIP: 59980TAK2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        | 131959075 | PA      | $412754.79    | 0.02%             | 2057-04-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.25000 06/18/25-5Y LCH                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-1401818.92  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2019-RPL3                              | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2019 RPL3 B4 144A       | CUSIP: 64830NAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $3589471.00   | 0.21%             | 2059-07-25      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-415019.07   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO CREDIT AGRICOLE 03/14 VAR                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -331342 | PA      | $-332532.73   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -12101790 | PA      | $-12132256.65 | -0.71%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3045056 | PA      | $-3089183.65  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | ALTICE FRANCE SA SR SECURED REGS 10/29 4.25                | CUSIP: ACI20QTK8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $99136.33     | 0.01%             | 2029-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT IDR SOLD USD 20250716                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $163.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT EUR SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $53067.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GAZPROM PJSC VIA GAZ FINANCE PLC                                           | GAZPROM PJSC (GAZ FN) SR UNSECURED REGS 06/27 3            | CUSIP: ACI1NC340<br>LEI: 213800UNP9N6BPNYMQ45 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $165000.00    | 0.01%             | 2027-06-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -935815 | PA      | $-943675.75   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| MRCD 2019-PARK MORTGAGE TRUST                                              | MRCD MORTGAGE TRUST MRCD 2019 PARK G 144A                  | CUSIP: 55348UAW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13000000 | PA      | $7053800.00   | 0.41%             | 2036-12-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD JPY BOUGHT USD 20250804                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $-729.89      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLONY MORTGAGE CAPITAL SERIES LTD 2019-IKPR                               | COLONY MORTGAGE CAPITAL LTD CLNY 2019 IKPR E 144A          | CUSIP: 12564NAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15000000 | PA      | $13625985.00  | 0.80%             | 2038-11-15      | Floating      | 7.40%                 | No            |                  2 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                                | TRINITY SQUARE TRINI 2021 1A XR 144A                       | CUSIP: ACI2NNDR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |   4991108 | PA      | $6868622.78   | 0.40%             | 2059-07-15      | Floating      | 10.32%                | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-ASHF                                   | MORGAN STANLEY CAPITAL I TRUST MSC 2017 ASHF D 144A        | CUSIP: 61691KAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5370000 | PA      | $5136465.68   | 0.30%             | 2034-11-15      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| QUERCUS RE DESIGNATED ACTIVITY COMPANY                                     | QUERCUS RE DESIGNATED ACTIVITY 07/27 1                     | CUSIP: ACI2Q34M4<br>LEI: 635400YNKWICCYBDBC76 | Long             | DBT              | CORP              | IE        |    250000 | PA      | $302365.21    | 0.02%             | 2027-07-08      | Floating      | 10.18%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |   -817912 | PA      | $-964117.02   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                                | WAYFAIR LLC SR SECURED 144A 10/29 7.25                     | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002948.00   | 0.06%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET SEC TRUST 2006-A8                                        | RESIDENTIAL ASSET SECURITIZATI RAST 2006 A8 2A4            | CUSIP: 761119AJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5383603 | PA      | $1512765.02   | 0.09%             | 2036-08-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -4540504 | PA      | $-4550465.05  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| AYRESOME CDO I LTD                                                         | AYRESOME CDO LTD AYRES 2005 1A A1B 144A                    | CUSIP: 05473WAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  25992360 | PA      | $6568295.40   | 0.38%             | 2045-12-08      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT TRUST 2024-1                                     | GREENSKY HOME IMPROVEMENT ISSU GSKY 2024 1 D 144A          | CUSIP: 39571MAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1142967.32   | 0.07%             | 2059-06-25      | Fixed         | 7.33%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                               | ROMANIA SR UNSECURED 144A 07/32 5.875                      | CUSIP: ACI2W0QH0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |  16000000 | PA      | $19038509.56  | 1.11%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -5728653 | PA      | $-5747629.17  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO THE BANK OF NOVA REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -29634772 | PA      | $-29916926.60 | -1.75%            |  |  |  | No            |                  2 | On Loan: No      |
| BANCA MONTE DEI PASCHI DI SIENA SPA                                        | BANCA MONTE DEI PASCHI SIENA COMMON STOCK                  | CUSIP: ACI28SXK1<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | EC               | CORP              | IT        |   2274000 | NS      | $19345280.89  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GATEWAY CASINOS & ENTERTAINMENT LIMITED                                    | GATEWY CSINS + ENTRTINMNT LTD 2024 TERM LOAN B             | CUSIP: BA000DCX3<br>LEI: 549300JSKBQMMD1B3U44 | Long             | LON              | CORP              | CA        |  34340280 | PA      | $34354703.06  | 2.01%             | 2030-12-18      | Floating      | 10.56%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1288025 | PA      | $-1301849.81  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-325432.44   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BBCCRE TRUST 2015-GTP                                                      | BBCCRE TRUST BBCCR 2015 GTP E 144A                         | CUSIP: 05490TAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16650000 | PA      | $10288035.00  | 0.60%             | 2033-08-10      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| SVF II FINCO (CAYMAN) LP                                                   | SOFTBANK VISION FUND II FIXED TERM LOAN                    | CUSIP: 944YFGII6<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |  17522538 | PA      | $17522537.83  | 1.02%             | 2025-12-21      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | BOUGHT EUR SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $209060.53    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -470104 | PA      | $-475115.21   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CRSNT TRUST 2021-MOON                                                      | CRSNT TRUST CRSNT 2021 MOON F 144A                         | CUSIP: 22877LAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $6792697.10   | 0.40%             | 2036-04-15      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| BCP TRUST 2021-330N                                                        | BCP TRUST BCP 2021 330N D 144A                             | CUSIP: 05553BAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $2957341.00   | 0.17%             | 2038-06-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20250804                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-4569261.67  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD JPY BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $-37.58       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CSMC TRUST 2022-NQM2                                                       | CREDIT SUISSE MORTGAGE TRUST CSMC 2022 NQM2 B1 144A        | CUSIP: 12664VAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11699250 | PA      | $8239231.91   | 0.48%             | 2067-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| IVANTI SOFTWARE INC                                                        | IVANTI SOFTWARE INC 2025 1ST LIEN TERM LOAN                | CUSIP: 46583DAH2<br>LEI: 254900GHAXAYKWDX9F60 | Long             | LON              | CORP              | US        |  11358166 | PA      | $9473448.80   | 0.55%             | 2029-06-01      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2017-1                                       | MILL CITY MORTGAGE TRUST MCMLT 2017 1 X 144A               | CUSIP: 59981HAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        | 104905205 | PA      | $400171.40    | 0.02%             | 2058-11-25      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| ALAMO RE LTD                                                               | ALAMO RE LTD UNSECURED 144A 06/26 VAR                      | CUSIP: 011395AQ3<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $259750.00    | 0.02%             | 2026-06-08      | Floating      | 15.57%                | No            |                  2 | On Loan: No      |
| NATURE COAST RE LTD                                                        | NATURE COAST RE LTD UNSECURED 144A 04/33 VAR               | CUSIP: 63901CAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $251150.00    | 0.01%             | 2033-04-10      | Floating      | 14.04%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | EGYPT EM SP BRC                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |         1 | NC      | $-233178.23   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN ALTERNATIVE LN TRUST 2007-A1                                     | J.P. MORGAN ALTERNATIVE LOAN T JPALT 2007 A1 1A1A          | CUSIP: 466287AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10549653 | PA      | $9086386.25   | 0.53%             | 2037-03-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| ALAMO RE LTD                                                               | ALAMO RE LTD UNSECURED 144A 06/27 VAR                      | CUSIP: 011395AP5<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |    550000 | PA      | $573925.00    | 0.03%             | 2027-06-07      | Floating      | 12.06%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WARBURG REVERSE REPO                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -708062 | PA      | $-716429.32   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| GREENWOOD PARK CLO LTD 2018-1A                                             | FEE0009H3 GRNPK 2018 A SUB FEE                             | CUSIP: 937ZNKII4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  27000000 | PA      | $51017.58     | 0.00%             | 2031-04-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| WASHINGTON MUTUAL 2007-OA6                                                 | WAMU MORTGAGE PASS THROUGH CER WAMU 2007 OA6 1A            | CUSIP: 92927BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1819866 | PA      | $1527608.79   | 0.09%             | 2047-07-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5039                                                    | FREDDIE MAC FHR 5039 JI                                    | CUSIP: 3137F63T2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  12743811 | PA      | $1404590.98   | 0.08%             | 2050-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/1.75000 06/15/22-30Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $14741127.93  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| CASSINI SAS                                                                | COMEXPOSIUM 2019 EUR 1ST LIEN TLB                          | CUSIP: 945AYZII4<br>LEI: 9695009FFM30CUZ8FO85 | Long             | LON              | CORP              | FR        |  21514594 | PA      | $30158324.74  | 1.76%             | 2026-03-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250805                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $5287.71      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VANTIVE HEALTH LLC                                                         | SPRUCE BIDCO II INC CAD TERM LOAN                          | CUSIP: BA000FPR7<br>LEI: 254900D597QQOG22WQ55 | Long             | LON              | CORP              | US        |    478590 | PA      | $344844.72    | 0.02%             | 2032-01-30      | Floating      | 7.68%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -33024053 | PA      | $-33149728.23 | -1.94%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -660358 | PA      | $-660461.94   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| THAMES WATER UTILITIES FINANCE PLC                                         | THAMES WATER UTIL FIN SR SECURED REGS 04/46 7.75           | CUSIP: ACI2ML745<br>LEI: 213800ESMPQ4RQ7G8351 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $281315.86    | 0.02%             | 2046-04-30      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SPECIALTY UNDERWRITING & RESIDL 2006-BC4                                   | SPECIALTY UNDERWRITING + RESID SURF 2006 BC4 A2C           | CUSIP: 84751YAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  21505656 | PA      | $7362880.62   | 0.43%             | 2037-09-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -10552853 | PA      | $-10609589.05 | -0.62%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -15546707 | PA      | $-15598391.00 | -0.91%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSNET SOC LTD                                                           | TRANSNET SOC LTD 2015 ZAR TERM LOAN                        | CUSIP: BA000FR04<br>LEI: 378900B07CD6F01EA796 | Long             | LON              | CORP              | ZA        |  89626731 | PA      | $5021692.20   | 0.29%             | 2028-03-02      | Floating      | 11.56%                | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -4020569 | PA      | $-4057765.48  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -6049424 | PA      | $-6050217.16  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3362938 | PA      | $-3391761.96  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| ARGENT SECURITIES INC 2005-W5                                              | ARGENT SECURITIES INC. ARSI 2005 W5 M1                     | CUSIP: 040104QQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  21501006 | PA      | $22090667.01  | 1.29%             | 2036-01-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD GBP BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-945224.34   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -12051651 | PA      | $-12090035.50 | -0.71%            |  |  |  | No            |                  2 | On Loan: No      |
| GREENGROVE RE LTD                                                          | GREENGROVE RE LTD UNSECURED 144A 04/32 VAR                 | CUSIP: 39526JAA9<br>LEI: 254900WH3CK41D9L7T70 | Long             | DBT              | CORP              | BM        |    300000 | PA      | $300060.00    | 0.02%             | 2032-04-08      | Floating      | 12.06%                | No            |                  2 | On Loan: No      |
| IVANTI SOFTWARE INC                                                        | IVANTI SOFTWARE INC 2025 NEWCO TERM LOAN                   | CUSIP: 46583VAB5<br>LEI: 254900GHAXAYKWDX9F60 | Long             | LON              | CORP              | US        |   1514131 | PA      | $1561447.23   | 0.09%             | 2029-06-01      | Floating      | 10.08%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1890700 | PA      | $-1914655.17  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                               | ROMANIA SR UNSECURED REGS 03/30 5.25                       | CUSIP: ACI2TMWB2<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   4100000 | PA      | $4937152.80   | 0.29%             | 2030-03-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | ALTICE FRANCE SA 2023 USD TERM LOAN B14                    | CUSIP: F6628DAN4<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |   5741414 | PA      | $5216706.31   | 0.30%             | 2028-08-15      | Floating      | 9.76%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE INTEREST STRIP 421                                              | FANNIEMAE STRIP FNS 421 C2                                 | CUSIP: 31397VFZ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2300890 | PA      | $99367.87     | 0.01%             | 2030-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250818                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $13047.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TORREY PINES RE LTD                                                        | TORREY PINES RE LTD UNSECURED 144A 06/32 VAR               | CUSIP: 89141WAH5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    400000 | PA      | $413140.00    | 0.02%             | 2032-06-07      | Floating      | 10.32%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BNP PARIBAS REPU REGIONS BANK                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -4319234 | PA      | $-4379569.13  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES 2024-2                     | THE HUNTINGTON NATIONAL BANK HACLN 2024 2 E 144A           | CUSIP: 44644NAL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    782619 | PA      | $784958.40    | 0.05%             | 2032-10-20      | Floating      | 11.80%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD JPY BOUGHT USD 20250804                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $-202.27      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE TRUST 2020-C6                                 | BARCLAYS COMMERCIAL MORTGAGE S BBCMS 2020 C6 F5TC 144A     | CUSIP: 05492TBK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2274150.00   | 0.13%             | 2053-02-15      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -12854185 | PA      | $-12973107.84 | -0.76%            |  |  |  | No            |                  2 | On Loan: No      |
| CLOVER HOLDINGS SPV III LLC                                                | CLOVER HOLDINGS SPV III LLC 2024 USD TERM LOAN             | CUSIP: BA000CCJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    603857 | PA      | $603101.77    | 0.04%             | 2027-12-09      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| SVB FINANCIAL GROUP                                                        | SVB FINL TR                                                | CUSIP: 000000000<br>LEI: 549300D2KJ20JMXE7542 | Long             | EP               | CORP              | US        |     51680 | NS      | $1033.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250707                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $19802.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STEPSTONE GROUP MIDCO 2 GMBH                                               | STEPSTONE GROUP M 2 GMBH THE EUR TERM LOAN B               | CUSIP: BA000BNR8<br>LEI: 894500DB5T5ENCFFQU61 | Long             | LON              | CORP              | US        |  16400000 | PA      | $18980318.80  | 1.11%             | 2032-04-26      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| FAIRFAX INDIA HOLDINGS CORPORATION                                         | FAIRFAX INDIA HOLDINGS SR UNSECURED 144A 02/28 5           | CUSIP: 303897AA0<br>LEI: 549300K2JHXU7AX7CV78 | Long             | DBT              | CORP              | CA        |  18350000 | PA      | $17277717.75  | 1.01%             | 2028-02-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | ALTICE FRANCE SA SR SECURED 144A 02/27 8.125               | CUSIP: 02156LAA9<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1900000 | PA      | $1711434.50   | 0.10%             | 2027-02-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | 3 MONTH SOFR FUT  JUN25 XCME 20250916                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -88 | NC      | $300692.54    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST 2006-7F                                            | GSR MORTGAGE LOAN TRUST GSR 2006 7F 3A4                    | CUSIP: 36298NAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4063819 | PA      | $1126671.41   | 0.07%             | 2036-08-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 08/25 0.00000                                | CUSIP: 912797QK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2600000 | PA      | $2584756.23   | 0.15%             | 2025-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5087                                                    | FREDDIE MAC FHR 5087 IL                                    | CUSIP: 3137FFMC8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  10525771 | PA      | $1757839.48   | 0.10%             | 2051-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INTEGRITY RE LTD                                                           | INTEGRITY RE LTD SR UNSECURED 144A 06/26 VAR               | CUSIP: 45833UAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    900000 | PA      | $894330.00    | 0.05%             | 2026-06-08      | Floating      | 27.31%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -10776872 | PA      | $-10818258.06 | -0.63%            |  |  |  | No            |                  2 | On Loan: No      |
| BRUCETON MILLS ASSOCIATES LLC                                              | PURIS TERM LOAN                                            | CUSIP: BA0005TS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4203319 | PA      | $4172695.20   | 0.24%             | 2030-07-01      | Floating      | 10.05%                | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -4500010 | PA      | $-4500685.06  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 12/18/24-5Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $1692129.20   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR TRUST 2022-DNA1                                          | FREDDIE MAC   STACR STACR 2022 DNA1 B2 144A                | CUSIP: 35564KQZ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4800000 | PA      | $5123018.88   | 0.30%             | 2042-01-25      | Floating      | 11.41%                | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 07/25 0.00000                                | CUSIP: 912797NX1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     24000 | PA      | $23994.43     | 0.00%             | 2025-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                         | NEWFOLD DIGITAL HLDGS GR SR UNSECURED 144A 02/29 6         | CUSIP: 29279XAA8<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |  12400000 | PA      | $7254000.00   | 0.42%             | 2029-02-15      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| TURKEY GOVT                                                                | TURKIYE GOVERNMENT BOND BONDS 08/26 VAR                    | CUSIP: ACI2P59J2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    400000 | PA      | $10088.97     | 0.00%             | 2026-08-19      | Floating      | 48.80%                | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA6                                    | FREDDIE MAC   STACR STACR 2021 DNA6 B2 144A                | CUSIP: 35564KLV9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  23500000 | PA      | $24988022.35  | 1.46%             | 2041-10-25      | Floating      | 11.81%                | No            |                  2 | On Loan: No      |
| ASSET BACKED SEC HOME EQTY LN 2007-HE2                                     | ASSET BACKED SECURITIES CORP H ABSHE 2007 HE2 A4           | CUSIP: 04544TAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7669058 | PA      | $5440639.07   | 0.32%             | 2037-05-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| TURKISH AIRLINES 2015-1 CLASS A PASS THROUGH TRUST                         | TURKISH AIRLN 15 1 A PTT PASS THRU CE 144A 09/28 4.2       | CUSIP: 10010YAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | TR        |    135394 | PA      | $131161.06    | 0.01%             | 2028-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HESTIA RE LTD                                                              | HESTIA RE LTD UNSECURED 144A 04/29 VAR                     | CUSIP: 42815KAA0<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |     67056 | PA      | $30175.26     | 0.00%             | 2029-04-22      | Floating      | 14.39%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD ZAR BOUGHT USD 20250723                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $-40698.02    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BSST 2021-1818 MORTGAGE TRUST                                              | BSST MORTGAGE TRUST BSST 2021 1818 E 144A                  | CUSIP: 07403PAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5750000 | PA      | $2016876.90   | 0.12%             | 2036-03-15      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT EUR SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $4573816.41   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| PROMOTORA DE INFORMACIONES SA (PRISA)                                      | PROMOTORA DE INFORMACIONES SA 2025 EUR 1ST LIEN TERM LOAN  | CUSIP: BA000KZZ7<br>LEI: 959800U3NGPXSCQHQW54 | Long             | LON              | CORP              | ES        |  39500160 | PA      | $45831300.78  | 2.68%             | 2029-12-31      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| KENYA GOVT                                                                 | REPUBLIC OF KENYA 2024 TERM LOAN A                         | CUSIP: BA000C8P7<br>LEI: 549300VVURQQYU45PR87 | Long             | LON              | NUSS              | KE        |   5000000 | PA      | $4988075.15   | 0.29%             | 2028-04-05      | Floating      | 9.85%                 | No            |                  3 | On Loan: No      |
| POLESTAR RE LTD                                                            | POLESTAR RE LTD UNSECURED 144A 01/27 VAR                   | CUSIP: 73110JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1800000 | PA      | $1880460.00   | 0.11%             | 2027-01-07      | Floating      | 17.55%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF AMERICA REVERSE REPO                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1967533 | PA      | $-1975088.54  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-49101.42    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO PARIBAS                                       | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -14241258 | PA      | $-14344075.58 | -0.84%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | YAHOO (AKA: AP CORE HOLDI TL TRS BKL BPS                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-68184.56    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EVERGLADES RE II LTD                                                       | EVERGLADES RE II LTD SR UNSECURED 144A 05/31 VAR           | CUSIP: 30014LAN4<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $519375.00    | 0.03%             | 2031-05-13      | Floating      | 15.81%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO PARIBAS                                       | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -10279713 | PA      | $-10388403.83 | -0.61%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5095                                                    | FREDDIE MAC FHR 5095 BI                                    | CUSIP: 3137FYR32<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6861502 | PA      | $817523.95    | 0.05%             | 2041-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ENVALIOR FINANCE GMBH                                                      | SCURALPHA 1503 GMBH USD TERM LOAN B1                       | CUSIP: D7001LAC7<br>LEI: 254900GAG6U7Z5TROP43 | Long             | LON              | CORP              | DE        |   7821790 | PA      | $7406765.40   | 0.43%             | 2030-03-29      | Floating      | 9.78%                 | No            |                  2 | On Loan: No      |
| CORESTATE CAPITAL HOLDING SA                                               | CORESTATE CAPITAL HOLD SR UNSECURED REGS 12/26 8           | CUSIP: ACI0Z2W07<br>LEI: 529900GNB86RB7HRX793 | Long             | DBT              | CORP              | LU        |   1786797 | PA      | $852427.16    | 0.05%             | 2026-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                                    | WINDSTREAM SERVICES/ESCR SR SECURED 144A 10/31 8.25        | CUSIP: 97381AAA0<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8385127.92   | 0.49%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3563605 | PA      | $-3610562.13  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD HKD BOUGHT USD 20250716                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HK        |         1 | NC      | $22551.86     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2021-N1                                     | CARVANA AUTO RECEIVABLES TRUST CRVNA 2021 N1 R 144A        | CUSIP: 14687D102<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10050 | PA      | $883842.69    | 0.05%             | 2028-01-10      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| CLOVER HOLDINGS 2 LLC                                                      | CLOVER HOLDINGS 2 LLC TERM LOAN B                          | CUSIP: 18914DAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  12900000 | PA      | $12936249.00  | 0.76%             | 2031-12-09      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -16804869 | PA      | $-16824050.61 | -0.98%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF AMERICA REVERSE REPO                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1464106 | PA      | $-1469271.03  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES 2024-2                     | THE HUNTINGTON NATIONAL BANK HACLN 2024 2 C 144A           | CUSIP: 44644NAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    723299 | PA      | $726266.75    | 0.04%             | 2032-10-20      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3029108 | PA      | $-3039048.98  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC 2024-A                                       | COLLEGE AVE STUDENT LOANS CASL 2024 A C 144A               | CUSIP: 19424RAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1369000 | PA      | $1404074.19   | 0.08%             | 2054-06-25      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                                 | CARVANA CO SR SECURED 144A 06/30 9                         | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |         1 | PA      | $1.05         | 0.00%             | 2030-06-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | MERRILL LYNCH REVERSE REPO EUR ZCP                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |  -5640635 | PA      | $-6701074.60  | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2024-A                      | SANTANDER BANK AUTO CREDIT LIN SBCLN 2024 A E 144A         | CUSIP: 80290CCM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1355592 | PA      | $1365154.08   | 0.08%             | 2032-06-15      | Fixed         | 7.76%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | CITIGROUP REVERSE REPO                                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3245008 | PA      | $-3277954.07  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| X CORPORATION                                                              | TWITTER INC TERM LOAN                                      | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  23241040 | PA      | $22734501.76  | 1.33%             | 2029-10-26      | Floating      | 10.93%                | No            |                  2 | On Loan: No      |
| CAPE LOOKOUT RE LTD                                                        | CAPE LOOKOUT RE LTD UNSECURED 144A 04/27 VAR               | CUSIP: 13947LAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1800000 | PA      | $1825740.00   | 0.11%             | 2027-04-05      | Floating      | 13.02%                | No            |                  2 | On Loan: No      |
| MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)                               | MPH ACQUISITION HOLDINGS LLC 2025 SECOND OUT TERM LOAN     | CUSIP: 55328HAQ4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |   2371657 | PA      | $2134491.30   | 0.12%             | 2030-12-31      | Floating      | 9.14%                 | No            |                  2 | On Loan: No      |
| KENYA GOVT                                                                 | REPUBLIC OF KENYA SR UNSECURED 144A 03/36 9.5              | CUSIP: 491798AN4<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |   1500000 | PA      | $1416728.61   | 0.08%             | 2036-03-05      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SENIOR ISSUER PLC                                       | THAMES WATER SUPER SEN SR SECURED 144A 10/27 9.75          | CUSIP: ACI2VXTH6<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |     90695 | PA      | $137236.76    | 0.01%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PROFRAC HOLDINGS II LLC                                                    | PROFRAC HOLDINGS II LLC SR SECURED 144A 01/29 VAR          | CUSIP: 74319TAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6148000 | PA      | $6301700.00   | 0.37%             | 2029-01-23      | Floating      | 11.54%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | IRS EUR 1.75000 03/15/23-10Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $352400.49    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -28581816 | PA      | $-28612049.11 | -1.67%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF AMERICA REVERSE REPO                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -2642337 | PA      | $-2651750.07  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| VIRIDIEN                                                                   | VIRIDIEN SR SECURED 144A 10/30 10                          | CUSIP: 12531QAA3<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |   4100000 | PA      | $4037809.15   | 0.24%             | 2030-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BEAR STEARNS  COMM MTGE SEC 2007-T26                                       | BEAR STEARNS COMMERCIAL MORTGA BSCMS 2007 T26 AJ           | CUSIP: 07388VAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     22499 | PA      | $22217.23     | 0.00%             | 2045-01-12      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| MNSN HOLDINGS INC                                                          | MNSN HOLDINGS INC COMMON STOCK                             | CUSIP: 55339C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8417 | NS      | $33668.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO THE BANK OF NOVA REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -606452 | PA      | $-612226.07   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| ENVALIOR FINANCE GMBH                                                      | SCUR ALPHA 1503 GMBH EUR TERM LOAN B1                      | CUSIP: D7001LAB9<br>LEI: 254900GAG6U7Z5TROP43 | Long             | LON              | CORP              | DE        |   5200000 | PA      | $6042099.96   | 0.35%             | 2030-03-29      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                                   | ALTICE FRANCE HOLDING SA SR SECURED REGS 05/27 8           | CUSIP: BL5F4LII6<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |  16900000 | PA      | $7176605.43   | 0.42%             | 2027-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                                               | AMS OSRAM AG SR UNSECURED REGS 03/29 10.5                  | CUSIP: ACI2L69P0<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |   8400000 | PA      | $10379568.09  | 0.61%             | 2029-03-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |   -104092 | PA      | $-122732.31   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SYNIVERSE HOLDINGS LLC TL TRS BKL BPS                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $1842359.74   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| PURPLE RE LTD                                                              | PURPLE RE LTD UNSECURED 144A 06/27 VAR                     | CUSIP: 74639NAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    300000 | PA      | $307080.00    | 0.02%             | 2027-06-07      | Floating      | 13.32%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1925259 | PA      | $-1927419.12  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                              | ARAB REPUBLIC OF EGYPT SR UNSECURED REGS 04/31 6.375       | CUSIP: ACI1B3V91<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   3700000 | PA      | $4053633.27   | 0.24%             | 2031-04-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | ALTICE FRANCE SA 2023 EUR TERM LOAN B14                    | CUSIP: F6628DAP9<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |     98990 | PA      | $105215.21    | 0.01%             | 2028-08-15      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                                 | CARVANA CO SR SECURED 144A 06/31 9                         | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   4785087 | PA      | $5673398.45   | 0.33%             | 2031-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -12091125 | PA      | $-12248067.80 | -0.72%            |  |  |  | No            |                  2 | On Loan: No      |
| STEENBOK LUX FINCO 2 SARL                                                  | STEENBOK LUX FINCO 2 SARL 2023 EUR PIK TL B2 RESTRUCTURE   | CUSIP: 948FWLII3<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   8225022 | PA      | $2034620.69   | 0.12%             | 2026-06-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MONTAUK POINT CDO LTD 2006-2A                                              | MONTAUK POINT CDO LTD MNPT 2006 2A A1J 144A                | CUSIP: 612181AC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4400000 | PA      | $0.04         | 0.00%             | 2046-04-06      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2020-RPL4                      | CREDIT SUISSE MORTGAGE TRUST CSMC 2020 RPL4 B1 144A        | CUSIP: 126405AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8144350 | PA      | $6142029.79   | 0.36%             | 2060-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PRETIUM MORTGAGE CREDIT PARTNERS LLC 2021-RN3                              | PRETIUM MORTGAGE CREDIT PARTNE PRET 2021 RN3 A2 144A       | CUSIP: 74143JAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19061224 | PA      | $18953011.52  | 1.11%             | 2051-09-25      | Variable      | 7.97%                 | No            |                  2 | On Loan: No      |
| POLESTAR RE LTD                                                            | POLESTAR RE LTD UNSECURED 144A 01/28 VAR                   | CUSIP: 73110JAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    600000 | PA      | $619020.00    | 0.04%             | 2028-01-07      | Floating      | 14.80%                | No            |                  2 | On Loan: No      |
| MRCD 2019-PARK MORTGAGE TRUST                                              | MRCD MORTGAGE TRUST MRCD 2019 PARK F 144A                  | CUSIP: 55348UAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15715000 | PA      | $9744871.50   | 0.57%             | 2036-12-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| RUSSIAN GOVT                                                               | RUSSIAN FEDERATION SR UNSECURED REGS 03/35 5.1             | CUSIP: X5424XCG1<br>LEI: 5493004EHVGF71PDBU58 | Long             | DBT              | NUSS              | RU        |    200000 | PA      | $0.00         | 0.00%             | 2035-03-28      | Fixed         | 5.10%                 | No            |                  3 | On Loan: No      |
| FANNIE MAE REMICS 2020-96                                                  | FANNIE MAE FNR 2020 96 IB                                  | CUSIP: 3136BDWU8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5993545 | PA      | $990176.82    | 0.06%             | 2051-01-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DUKE FUNDING LTD 2005-HG3A                                                 | DUKE FUNDING LTD DUKEF 2005 HG3A A1B2 144A                 | CUSIP: 2644EPAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        | 840369608 | PA      | $126895.81    | 0.01%             | 2049-08-02      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MIZUHO SECURITIES                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -10475834 | PA      | $-10493215.32 | -0.61%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY HOME EQUITY LN 2005-2                                       | MORGAN STANLEY HOME EQUITY LOA MSHEL 2005 2 M6             | CUSIP: 61744CQQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5340510 | PA      | $4911093.68   | 0.29%             | 2035-05-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNYMAC MORTGAGE INVESTMENT TRUST                                         | PENNYMAC MORTGAGE INVESTMENT REIT USD.01                   | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |    556200 | NS      | $7152732.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1                              | GS MORTGAGE BACKED SECURITIES GSMBS 2021 RPL1 X 144A       | CUSIP: 36261WAR8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        | 157574527 | PA      | $4526990.11   | 0.26%             | 2060-12-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2017-1                                       | MILL CITY MORTGAGE TRUST MCMLT 2017 1 B4 144A              | CUSIP: 59981HAH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16205000 | PA      | $10272741.66  | 0.60%             | 2058-11-25      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| CDK GLOBAL (CENTRAL PARENT LLC / CDK GLOBAL II LLC / CDK FINANCING CO INC) | CNT PRNT/CDK GLO II/FIN SR SECURED 144A 06/29 8            | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5670000 | PA      | $4693916.87   | 0.27%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                     | VENTURE GLOBAL LNG INC SR SECURED 144A 02/32 9.875         | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3511911.00   | 0.21%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| NYMT LOAN TRUST 2022-SP1                                                   | NEW YORK MORTGAGE TRUST NYMT 2022 SP1 A1 144A              | CUSIP: 62956BAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1942865 | PA      | $1942089.34   | 0.11%             | 2062-07-25      | Variable      | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -19248000 | PA      | $-19250893.19 | -1.12%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS (PEMEX)                                                | PETROLEOS MEXICANOS COMPANY GUAR 01/30 6.84                | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2000000 | PA      | $1933439.00   | 0.11%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| ECUADOR GOVT                                                               | REPUBLIC OF ECUADOR SR UNSECURED REGS 07/30 0.0000         | CUSIP: ACI1Q6QQ6<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   6200000 | PA      | $4519800.00   | 0.26%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UBISOFT ENTERTAINMENT                                                      | UBISOFT ENTERTAINMENT SA SR UNSECURED REGS 11/27 0.878     | CUSIP: ACI1SYQ75<br>LEI: 969500I7C8V1LBIMSM05 | Long             | DBT              | CORP              | FR        |   4400000 | PA      | $4677642.03   | 0.27%             | 2027-11-24      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| THAMES WATER UTILITIES FINANCE PLC                                         | THAMES WATER UTIL FIN SR SECURED REGS 01/34 2.625          | CUSIP: ACI0RZP43<br>LEI: 213800ESMPQ4RQ7G8351 | Long             | DBT              | CORP              | GB        |    370000 | PA      | $331549.85    | 0.02%             | 2034-01-24      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| OBOL FRANCE 25                                                             | OBOL FRANCE 3 SAS 2024 EUR TERM LOAN B                     | CUSIP: BA0006XM9<br>LEI: 969500K3AWY66FOPOS97 | Long             | LON              | CORP              | FR        |   6134565 | PA      | $7125734.68   | 0.42%             | 2028-12-31      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| SVB FINANCIAL GROUP                                                        | SVB FINL TR COMMON STOCK UNIT                              | CUSIP: 000000000<br>LEI: 549300D2KJ20JMXE7542 | Long             | EP               | CORP              | US        |      9596 | NS      | $5085880.00   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | 3 MONTH SOFR FUT  SEP25 XCME 20251216                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -29 | NC      | $133940.74    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ASHFORD HOSPITALITY TRUST 2018-ASHF                                        | ASHFORD HOSPITALITY TRUST AHT1 2018 ASHF E 144A            | CUSIP: 04410RAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8700000 | PA      | $8544974.70   | 0.50%             | 2035-04-15      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST 2021-1                                          | FLAGSHIP CREDIT AUTO TRUST FCAT 2021 1 R 144A              | CUSIP: 33843WAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10000 | PA      | $445429.62    | 0.03%             | 2028-04-17      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| STRUCTURED ADJ RATE MTGE LOAN 2006-2                                       | STRUCTURED ADJUSTABLE RATE MOR SARM 2006 2 3A1             | CUSIP: 863579U71<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3671725 | PA      | $3595946.40   | 0.21%             | 2036-03-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA7                                    | FREDDIE MAC   STACR STACR 2021 DNA7 B2 144A                | CUSIP: 35564KNE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  14300000 | PA      | $15310289.28  | 0.89%             | 2041-11-25      | Floating      | 12.11%                | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2016-1                                       | MILL CITY MORTGAGE TRUST MCMLT 2016 1 B4 144A              | CUSIP: 59980TAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  20617238 | PA      | $14401489.17  | 0.84%             | 2057-04-25      | Variable      | 3.96%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET MTGE PROD 2005-RS2                                       | RESIDENTIAL ASSET MORTGAGE PRO RAMP 2005 RS2 M6            | CUSIP: 76112BKG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5312320 | PA      | $4560385.90   | 0.27%             | 2035-02-25      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET INVST LN TR 2005-6                                        | STRUCTURED ASSET INVESTMENT LO SAIL 2005 6 M4              | CUSIP: 86358EUD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10389782 | PA      | $7959220.27   | 0.46%             | 2035-07-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                                | TURKIYE GOVERNMENT BOND BONDS 09/28 VAR                    | CUSIP: ACI2R3GV0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        | 396200000 | PA      | $9556004.40   | 0.56%             | 2028-09-06      | Fixed         | 49.96%                | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2019-NUGS                                   | MORGAN STANLEY CAPITAL I TRUST MSC 2019 NUGS E 144A        | CUSIP: 61692AAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4294000 | PA      | $197481.06    | 0.01%             | 2036-12-15      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| DATABRICKS INC                                                             | DATABRICKS INC DELAYED DRAW TERM LOAN                      | CUSIP: BA000D1C1<br>LEI: 984500FEDAC7FBD96273 | Long             | LON              | CORP              | US        |    851747 | PA      | $860264.19    | 0.05%             | 2031-01-03      | Floating      | 1.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250724                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $1453.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TORREY PINES RE LTD                                                        | TORREY PINES RE LTD TORREY PINES RE LTD                    | CUSIP: 89141WAK8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    300000 | PA      | $306825.00    | 0.02%             | 2026-06-05      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| PALM RE LTD                                                                | PALM RE LTD UNSECURED 144A 06/32 VAR                       | CUSIP: 69664FAB4<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |    300000 | PA      | $300630.00    | 0.02%             | 2032-06-07      | Floating      | 12.07%                | No            |                  2 | On Loan: No      |
| BCP TRUST 2021-330N                                                        | BCP TRUST BCP 2021 330N E 144A                             | CUSIP: 05553BAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $1006170.50   | 0.06%             | 2038-06-15      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | ALTICE FRANCE SA SR SECURED 144A 10/29 5.5                 | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   3000000 | PA      | $2490000.00   | 0.15%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2021-ESH                                       | EXTENDED STAY AMERICA TRUST ESA 2021 ESH F 144A            | CUSIP: 30227FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16125282 | PA      | $16152958.94  | 0.94%             | 2038-07-15      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO PARIBAS                                       | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -87326095 | PA      | $-88221599.91 | -5.15%            |  |  |  | No            |                  2 | On Loan: No      |
| SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2024-A                      | SANTANDER BANK AUTO CREDIT LIN SBCLN 2024 A G 144A         | CUSIP: 80290CCP7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2773033 | PA      | $2774814.82   | 0.16%             | 2032-06-15      | Fixed         | 13.03%                | No            |                  2 | On Loan: No      |
| DISH DBS CORPORATION                                                       | DISH DBS CORP SR SECURED 144A 12/26 5.25                   | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  27800000 | PA      | $25280625.00  | 1.48%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ADLER GROUP SA                                                             | ADLER GROUP SA   VTG SHS COMMON STOCK                      | CUSIP: ACI2RMKR2<br>LEI: 391200OYYFJ3DWAMEC69 | Long             | EP               | CORP              | LU        |   3588226 | NS      | $4.23         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-685914.13   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| ATRIUM HOTEL PORTFOLIO TRUST 2017-ATRM                                     | ATRIUM HOTEL PORTFOLIO TRUST AHPT 2017 ATRM E 144A         | CUSIP: 04965JAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1111000 | PA      | $1027119.28   | 0.06%             | 2036-12-15      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | IRS EUR 0.83000 12/09/42-10Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $3488658.54   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| IBEX TOPCO BV                                                              | STEINHOFF CVR                                              | CUSIP: 948ECV905<br>LEI: 636700OGDKP5DOQ3LT67 | Long             | EC               | CORP              | NL        | 115240755 | NS      | $135.75       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |  -1715062 | PA      | $-2022132.11  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BARCLAYS REV REPO EUR                                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |   -208184 | PA      | $-245402.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA5                                    | FREDDIE MAC   STACR STACR 2021 DNA5 B2 144A                | CUSIP: 35564KJB6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4000000 | PA      | $4734554.00   | 0.28%             | 2034-01-25      | Floating      | 9.81%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                                   | ALTICE FRANCE HOLDING SA SR SECURED 144A 02/28 6           | CUSIP: 02156TAA2<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    700000 | PA      | $248535.00    | 0.01%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PROJECT QUASAR INVESTMENTS 2017 SLU                                        | NEPTUNE QUASAR PPN                                         | CUSIP: 936TNJII2<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |         1 | PA      | $0.00         | 0.00%             | 2028-03-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| CDK GLOBAL (CENTRAL PARENT LLC)                                            | CENTRAL PARENT INC 2024 TERM LOAN B                        | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  14024823 | PA      | $11746490.80  | 0.69%             | 2029-07-06      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -20033590 | PA      | $-20100803.20 | -1.17%            |  |  |  | No            |                  2 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                                | TRINITY SQUARE TRINI 2021 1A ZR                            | CUSIP: ACI2NNDS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |   6244000 | PA      | $9071330.77   | 0.53%             | 2059-07-15      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| SIERRA MADRE FUNDING LTD 2004-1A                                           | SIERRA MADRE FUNDING LTD MADRE 2004 1A A1A 144A            | CUSIP: 82639RAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    912813 | PA      | $551571.16    | 0.03%             | 2039-09-07      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-8                                          | VERUS SECURITIZATION TRUST VERUS 2023 8 B1 144A            | CUSIP: 92540DAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4538000 | PA      | $4593242.89   | 0.27%             | 2068-12-25      | Variable      | 8.09%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT EUR SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $26111.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERIQUEST MTGE SECURITIES INC 2005-R4                                     | AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R4 M7             | CUSIP: 03072SC86<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7500000 | PA      | $6373639.50   | 0.37%             | 2035-07-25      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| ECUADOR GOVT                                                               | REPUBLIC OF ECUADOR SR UNSECURED REGS 07/35 VAR            | CUSIP: ACI1Q6JR2<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   2570059 | PA      | $1877428.10   | 0.11%             | 2035-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| DOGWOOD LLC                                                                | MARKET GARDEN EQTYQL9A8                                    | CUSIP: 902FLS002<br>LEI: N/A                  | Long             | EC               | CORP              | US        |  22345388 | NS      | $21995615.90  | 1.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2006-26                                      | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 26 M1              | CUSIP: 12668HAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5608594 | PA      | $4867860.61   | 0.28%             | 2037-06-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| X CORPORATION                                                              | TWITTER INC 2025 FIXED TERM LOAN                           | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1950000 | PA      | $1898812.50   | 0.11%             | 2029-10-26      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT GBP SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $621152.44    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| GREENWOOD PARK CLO LTD 2018-1A                                             | GREENWOOD PARK CLO, LTD GRNPK 2018 1A SUB 144A             | CUSIP: 39729TAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  27000000 | PA      | $5294729.43   | 0.31%             | 2031-04-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-1440             | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 1440 D 144A      | CUSIP: 46653DAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  25550000 | PA      | $11554594.03  | 0.67%             | 2036-03-15      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -2423820 | PA      | $-2425304.73  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1548000 | PA      | $-1544323.50  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2017-1                                       | MILL CITY MORTGAGE TRUST MCMLT 2017 1 XS 144A              | CUSIP: 59981HAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        | 104905205 | PA      | $302662.01    | 0.02%             | 2058-11-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORPORATION                                                       | DISH DBS CORP SR SECURED 144A 12/28 5.75                   | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13400000 | PA      | $11624500.00  | 0.68%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2020-99                                                  | FANNIE MAE FNR 2020 99 QI                                  | CUSIP: 3136BDHS0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3671422 | PA      | $627552.92    | 0.04%             | 2051-01-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2005-AR19                                                | WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR19 B1           | CUSIP: 92925CBL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12182470 | PA      | $10626466.89  | 0.62%             | 2045-12-25      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2020-80                                                  | FANNIE MAE FNR 2020 80 IP                                  | CUSIP: 3136BCYT1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   9354887 | PA      | $1365329.79   | 0.08%             | 2049-04-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN RESECURITIZATION TRUST SERIES 2015-1                             | JP MORGAN REREMIC JPMRR 2015 1 3A3 144A                    | CUSIP: 46644BAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10624363 | PA      | $8846683.22   | 0.52%             | 2046-12-27      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| AMSURG LLC                                                                 | ENVISION HEALTHCARE CORPORTION 2023 LAST OUT TERM LOAN     | CUSIP: 949ABFII9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  31556499 | PA      | $32503193.66  | 1.90%             | 2028-09-15      | Fixed         | 12.24%                | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -4083024 | PA      | $-4085434.29  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                                   | ALTICE FRANCE HOLDING SA SR SECURED 144A 05/27 10.5        | CUSIP: 02156TAB0<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |  22000000 | PA      | $7662270.00   | 0.45%             | 2027-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2021-1                          | FREDDIE MAC   SCRT SCRT 2021 1 BXS 144A                    | CUSIP: 35563PWX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4208404 | PA      | $3097232.13   | 0.18%             | 2060-09-25      | Fixed         | 13.42%                | No            |                  2 | On Loan: No      |
| SVF II FINCO (CAYMAN) LP                                                   | SOFTBANK VISION FUND II TRANCHE B1 TERM LOAN               | CUSIP: BA000KP88<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   6205825 | PA      | $6205824.94   | 0.36%             | 2029-12-23      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| DISH NETWORK CORPORATION                                                   | DISH NETWORK CORP SR UNSECURED 08/26 3.375                 | CUSIP: 25470MAB5<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3100600.00   | 0.18%             | 2026-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PROJECT QUASAR HOLDCO SLU                                                  | PROJECT QUASAR PLEDGCO SLU 2022 EUR TERM LOAN A1           | CUSIP: 944ZSGII9<br>LEI: N/A                  | Long             | LON              | CORP              | ES        |   6627586 | PA      | $7533773.15   | 0.44%             | 2026-04-17      | Floating      | 5.16%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | SOLD ZAR BOUGHT USD 20250723                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $-25964.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1892455 | PA      | $-1897235.44  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| OI SA (AKA: BRASIL TELECOM S/A)                                            | OI S.A. COMMON STOCK                                       | CUSIP: B7XL4M900<br>LEI: 254900YEMWCRRAGD4978 | Long             | EC               | CORP              | BR        |  11034637 | NS      | $1299841.28   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRIDIEN                                                                   | VIRIDIEN SR SECURED 144A 10/30 8.5                         | CUSIP: ACI2VMJW8<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |   5100000 | PA      | $5975667.16   | 0.35%             | 2030-10-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BSST 2021-1818 MORTGAGE TRUST                                              | BSST MORTGAGE TRUST BSST 2021 1818 F 144A                  | CUSIP: 07403PAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7125000 | PA      | $1786606.58   | 0.10%             | 2036-03-15      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -15331258 | PA      | $-15372575.88 | -0.90%            |  |  |  | No            |                  2 | On Loan: No      |
| OCS GROUP HOLDINGS LIMITED                                                 | OCS GROUP HOLDINGS LTD GBP TERM LOAN B                     | CUSIP: BA000BQB0<br>LEI: 54930002RKY3Y4LURL90 | Long             | LON              | CORP              | GB        |  13000000 | PA      | $17813842.62  | 1.04%             | 2031-11-28      | Floating      | 9.96%                 | No            |                  2 | On Loan: No      |
| DATABRICKS INC                                                             | DATABRICKS INC LAST OUT TERM LOAN                          | CUSIP: BA000D206<br>LEI: 984500FEDAC7FBD96273 | Long             | LON              | CORP              | US        |   3848253 | PA      | $3886735.81   | 0.23%             | 2031-01-03      | Floating      | 8.82%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250813                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $61994.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2007-QA4                                        | RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QA4 A1B           | CUSIP: 74923YAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    680692 | PA      | $601864.55    | 0.04%             | 2037-06-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                               | ECOPETROL SA SR UNSECURED 02/32 7.75                       | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |  31500000 | PA      | $30976377.71  | 1.81%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | IRS EUR 0.25000 09/21/22-10Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $8881100.48   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -12197815 | PA      | $-12225336.91 | -0.71%            |  |  |  | No            |                  2 | On Loan: No      |
| COMETE HOLDING                                                             | COMEXPOSIUM 2019 EUR TERM LOAN B                           | CUSIP: 964NDFII9<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |  17436015 | PA      | $24441130.56  | 1.43%             | 2026-03-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| XEROX CORPORATION                                                          | XEROX ISSUER CORPORATION SECURED 144A 04/31 13.5           | CUSIP: 98423RAA1<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1232950.80   | 0.07%             | 2031-04-15      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250811                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $10961.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.50000 12/21/22-30Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $6497868.06   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS (PEMEX)                                                | PETROLEOS MEXICANOS COMPANY GUAR 06/29 8.75                | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3253000 | PA      | $3372266.43   | 0.20%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NEW CENTURY HOME EQUITY LOAN TR 2005-2                                     | NEW CENTURY HOME EQUITY LOAN T NCHET 2005 2 M6             | CUSIP: 64352VKY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17591416 | PA      | $16952119.72  | 0.99%             | 2035-06-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WARBURG REVERSE REPO                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -5105053 | PA      | $-5157861.49  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                                | TRINITY SQUARE TRINI 2021 1A HR 144A                       | CUSIP: ACI2NNDX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |   7804000 | PA      | $8715454.69   | 0.51%             | 2059-07-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD ZAR BOUGHT USD 20250723                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $-1535.97     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOLDINGS LIMITED                                      | ASTON MARTIN CAPITAL HOL ASTON MARTIN CAPITAL HOL          | CUSIP: ACI2N9Q99<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |   1400000 | PA      | $1796413.13   | 0.10%             | 2029-03-31      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WELLS FARGO 00/00 VAR                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -8181846 | PA      | $-8230416.20  | -0.48%            |  |  |  | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORP TRUST 2018-LUAU                                | GS MORTGAGE SECURITIES TRUST GSMS 2018 LUAU E 144A         | CUSIP: 36256AAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10782000 | PA      | $10659032.37  | 0.62%             | 2032-11-15      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                               | UKRAINE GOVERNMENT SR UNSECURED 144A 02/34 VAR             | CUSIP: 903724CA8<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   1613673 | PA      | $839109.96    | 0.05%             | 2034-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SENIOR ISSUER PLC                                       | THAMES WATER SUPER SEN SR SECURED 144A 10/27 9.75          | CUSIP: BP7M6FII1<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |     82599 | PA      | $124737.48    | 0.01%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BARCLAYS REV REPO EUR                                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |  -3122760 | PA      | $-3680436.54  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALT LOAN TRUST 2006-36T2                                       | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 36T2 2A1         | CUSIP: 02146XAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4562744 | PA      | $1873112.23   | 0.11%             | 2036-12-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MIZUHO SECURITIES                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -6906680 | PA      | $-6918561.15  | -0.40%            |  |  |  | No            |                  2 | On Loan: No      |
| STEPSTONE GROUP MIDCO 2 GMBH                                               | STEPSTNE GRUP MDCO 2 GMBH THE USD TERM LOAN                | CUSIP: BA000BVC2<br>LEI: 894500DB5T5ENCFFQU61 | Long             | LON              | CORP              | US        |   3100000 | PA      | $3014750.00   | 0.18%             | 2031-12-19      | Floating      | 8.61%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -14148818 | PA      | $-14467858.12 | -0.85%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT BRL SOLD USD 20250903                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $26342.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -8940505 | PA      | $-8979612.40  | -0.52%            |  |  |  | No            |                  2 | On Loan: No      |
| FORWARD AIR CORPORATION (CLUE OPCO LLC)                                    | FORWARD AIR CORPORATION TERM LOAN B                        | CUSIP: 18948EAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7877449 | PA      | $7843379.03   | 0.46%             | 2030-12-19      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| TORREY PINES RE LTD                                                        | TORREY PINES RE LTD TORREY PINES RE LTD                    | CUSIP: 89141WAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    300000 | PA      | $313125.00    | 0.02%             | 2027-06-07      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| FIRST FRANKLIN MTG LOAN 2005-FF11                                          | FIRST FRANKLIN MTG LOAN ASSET FFML 2005 FF11 M3            | CUSIP: 362341YH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8077612 | PA      | $7306924.14   | 0.43%             | 2035-11-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)                               | MPH ACQUISITION HOLDINGS LLC 2025 EXCHNG 1ST OUT TERM LOAN | CUSIP: 55328HAP6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |    285393 | PA      | $281682.62    | 0.02%             | 2030-12-31      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT EUR SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $41951.86     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ATLAS RE LIMITED                                                           | ATLAS RE LIMITED ATLAS RE LTD SIDECAR                      | CUSIP: 956BLH000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       140 | NS      | $14235919.21  | 0.83%             |  |  |  | No            |                  3 | On Loan: No      |
| SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2024-A                      | SANTANDER BANK AUTO CREDIT LIN SBCLN 2024 A D 144A         | CUSIP: 80290CCL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1863939 | PA      | $1878493.01   | 0.11%             | 2032-06-15      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| HESTIA RE LTD                                                              | HESTIA RE LTD UNSECURED 144A 03/32 VAR                     | CUSIP: 42815KAC6<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $247387.50    | 0.01%             | 2032-03-13      | Floating      | 11.05%                | No            |                  2 | On Loan: No      |
| CDK GLOBAL (CENTRAL PARENT INC/CENTRAL MERGER SUB INC)                     | CNTRL PARENT/CDK GLB INC SR SECURED 144A 06/29 7.25        | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6600000 | PA      | $5388307.32   | 0.31%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD JPY BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $663.27       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD KWD BOUGHT USD 20300509                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $52163.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |  -3751380 | PA      | $-4419794.46  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -7664559 | PA      | $-7672189.80  | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2022-B                                    | SMB PRIVATE EDUCATION LOAN TRU SMB 2022 B R 144A           | CUSIP: 83206NAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4992 | PA      | $4771429.60   | 0.28%             | 2055-02-16      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL GMBH                                              | CHEPLAPHARM ARZNEIMITTEL SR SECURED REGS 05/30 7.5         | CUSIP: ACI2FPJG4<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |   2700000 | PA      | $3251915.94   | 0.19%             | 2030-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF AMERICA REVERSE REPO                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -924118 | PA      | $-927538.29   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MERRILL LYNCH                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -2623192 | PA      | $-2625727.75  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD KWD BOUGHT USD 20290502                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $77884.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INGENICO TERMINALS (POSEIDON BIDCO)                                        | POSEIDON BIDCO SASU 2023 EUR TERM LOAN B                   | CUSIP: 953RGXII1<br>LEI: 254900LGX7YG7Y9YM766 | Long             | LON              | CORP              | GB        |   3900000 | PA      | $3146895.16   | 0.18%             | 2030-11-30      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | NUMERICABLE U S LLC TERM LOAN B 11                         | CUSIP: 67053NAK0<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |    498724 | PA      | $435137.12    | 0.03%             | 2025-07-31      | Floating      | 9.25%                 | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP 2006-OP2                                               | ACE SECURITIES CORP. ACE 2006 OP2 M1                       | CUSIP: 00441YAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  25150022 | PA      | $19559582.20  | 1.14%             | 2036-08-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FINANCE AUTHORITY                                       | TOBACCO SETTLEMENT FIN AUTH WV TOBGEN 06/47 ZEROCPNOID 0   | CUSIP: 88880LAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $2287570.00   | 0.13%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT JPY SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $201.93       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SANDERS RE III LTD                                                         | SANDERS RE III LTD UNSECURED 144A 04/29 VAR                | CUSIP: 80000XAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4164000 | PA      | $2394300.00   | 0.14%             | 2029-04-09      | Floating      | 17.31%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-18153.62    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 08/25 0.00000                                | CUSIP: 912797PQ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1707000 | PA      | $1695119.28   | 0.10%             | 2025-08-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE INTEREST STRIP 418                                              | FANNIEMAE STRIP FNS 418 C17                                | CUSIP: 31395Q3H1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2128580 | PA      | $430604.54    | 0.03%             | 2043-08-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTEGRITY RE III LTD                                                       | INTEGRITY RE III UNSECURED 144A 06/28 VAR                  | CUSIP: 45870GAE6<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |    400000 | PA      | $403520.00    | 0.02%             | 2028-06-06      | Floating      | 16.57%                | No            |                  2 | On Loan: No      |
| AUCHAN (ELO SACA)                                                          | ELO SACA SR UNSECURED REGS 07/27 3.25                      | CUSIP: ACI1NZ8Z5<br>LEI: 969500ASEC557H5A4F22 | Long             | DBT              | CORP              | FR        |   2500000 | PA      | $2844309.08   | 0.17%             | 2027-07-23      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -8509052 | PA      | $-8531941.36  | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1006621 | PA      | $-1009333.80  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -389690 | PA      | $-399307.89   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| INCORA INTERMEDIATE II LLC                                                 | INCORA INTERMEDIATE II SR SECURED 144A 01/30 VAR           | CUSIP: 45338XAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  28206068 | PA      | $28206068.00  | 1.65%             | 2030-01-31      | Fixed         | 12.35%                | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |  -3643738 | PA      | $-5013793.90  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAPITAL LLC            | UNITI GROUP/CSL CAPITAL COMPANY GUAR 144A 02/29 6.5        | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  26904000 | PA      | $26029455.89  | 1.52%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INTEGRITY RE LTD                                                           | INTEGRITY RE LTD SR UNSECURED 144A 06/26 VAR               | CUSIP: 45833UAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    900000 | PA      | $939555.00    | 0.05%             | 2026-06-08      | Floating      | 21.31%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO GOLDMAN                                       | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -2226681 | PA      | $-2310979.86  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                               | UBS GROUP AG REG COMMON STOCK USD.1                        | CUSIP: ACI09N1W4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |      5143 | NS      | $174036.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ECUADOR GOVT                                                               | REPUBLIC OF ECUADOR SR UNSECURED REGS 07/30 VAR            | CUSIP: ACI1Q6J43<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |  10656526 | PA      | $9271177.62   | 0.54%             | 2030-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| VOYAGER AVIATION HOLDINGS LLC                                              | VOYAGER AVIATION HOLD SR SECURED 144A 05/26 8.5            | CUSIP: 92918XAA3<br>LEI: 549300KHOKL1CX4NIJ92 | Long             | DBT              | CORP              | US        |  22146382 | PA      | $0.22         | 0.00%             | 2026-05-09      | Fixed         | 8.50%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250729                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $794.96       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | ALTICE FRANCE SA SR SECURED REGS 01/29 4.125               | CUSIP: ACI1RJK00<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $99400.15     | 0.01%             | 2029-01-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 06/20/24-5Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-267301.51   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3504074 | PA      | $-3507221.43  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO GOLDMAN                                       | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -511192 | PA      | $-513253.71   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT              | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 WPT DFL 144A     | CUSIP: 46645WAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5012000 | PA      | $3678808.00   | 0.21%             | 2033-07-05      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -5050500 | PA      | $-5066733.15  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                                | TURKIYE GOVERNMENT BOND BONDS 05/26 VAR                    | CUSIP: ACI2Q1SN0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    600000 | PA      | $15136.62     | 0.00%             | 2026-05-20      | Floating      | 48.80%                | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 10/25 0.00000                                | CUSIP: 912797RD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3997000 | PA      | $3944844.03   | 0.23%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20270610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-489.86      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                                                     | CS AT1 CLAIMS US225401AL29 CREDIT SUISSE GROUP AG          | CUSIP: 952NPL005<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | US        |    600000 | PA      | $72000.00     | 0.00%             | 2060-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-ASHF                                   | MORGAN STANLEY CAPITAL I TRUST MSC 2017 ASHF E 144A        | CUSIP: 61691KAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3357000 | PA      | $3196352.44   | 0.19%             | 2034-11-15      | Floating      | 7.76%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BNP PARIBAS REPU REGIONS BANK                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -4461475 | PA      | $-4492928.33  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SENIOR ISSUER PLC                                       | THAMES SSNM 144A UNFUNDED COMM                             | CUSIP: 955RVLII8<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |    174499 | PA      | $223956.81    | 0.01%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  3 | On Loan: No      |
| DENALI INTERMEDIATE HOLDINGS INC                                           | DUN + BRADSTREET CORPOR THE 2025 TERM LOAN                 | CUSIP: BA000K739<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3818182 | PA      | $3780000.00   | 0.22%             | 2032-05-31      | Floating      | 9.58%                 | No            |                  3 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                                     | LUMEN TECHNOLOGIES INC 2024 EXTENDED TERM LOAN B2          | CUSIP: 55024EAG0<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |  13566976 | PA      | $13417603.54  | 0.78%             | 2030-04-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3006635 | PA      | $-3038823.14  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20250804                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $1847.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LONGLEAF PINE RE LTD                                                       | LONGLEAF PINE RE LTD UNSECURED 144A 05/31 VAR              | CUSIP: 54307MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    280000 | PA      | $288778.00    | 0.02%             | 2031-05-27      | Floating      | 21.82%                | No            |                  2 | On Loan: No      |
| ADLER FINANCING SA RL                                                      | ADLER FINANCING SARL SR SECURED 12/28 8.25                 | CUSIP: ACI2TFLX1<br>LEI: 213800BAQB59IVKP7S93 | Long             | DBT              | CORP              | LU        |  17528010 | PA      | $21679487.52  | 1.27%             | 2028-12-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| INCORA INTERMEDIATE II LLC                                                 | INCORA TOP HOLDCO LLC CONV PIK PRE COMP                    | CUSIP: 955PRK007<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20314826 | PA      | $28166003.84  | 1.65%             | 2033-01-30      | Fixed         | 6.00%                 | Yes           |                  3 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2006-14                                      | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 14 M1              | CUSIP: 23243LAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10471163 | PA      | $9001838.29   | 0.53%             | 2037-02-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| MEDIAPRO (SUBCALIDORA 2 SARL)                                              | SUBCALIDORA 2 2024 EUR TERM LOAN                           | CUSIP: BA0007DG2<br>LEI: N/A                  | Long             | LON              | CORP              | ES        |  14400000 | PA      | $17047301.79  | 1.00%             | 2029-08-14      | Floating      | 7.73%                 | No            |                  3 | On Loan: No      |
| VASA TRUST 2021-VASA                                                       | VASA TRUST VASA 2021 VASA F 144A                           | CUSIP: 92230AAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $5426648.50   | 0.32%             | 2039-07-15      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-27742.16    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SVF II FINCO (CAYMAN) LP                                                   | SOFTBANK VISION FUND II TRANCHE B2 TERM LOAN               | CUSIP: BA000KP70<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    794175 | PA      | $794175.06    | 0.05%             | 2029-12-23      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -12849914 | PA      | $-12884159.35 | -0.75%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                                                     | CS AT1 CLAIMS US225401AK46 CREDIT SUISSE GROUP AG          | CUSIP: 952NPK908<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | US        |    200000 | PA      | $24000.00     | 0.00%             | 2060-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                               | ROMANIA SR UNSECURED REGS 09/34 6.25                       | CUSIP: ACI2TMW89<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |  11900000 | PA      | $14159330.78  | 0.83%             | 2034-09-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST 2022-NQM2                                                       | CREDIT SUISSE MORTGAGE TRUST CSMC 2022 NQM2 AIOS 144A      | CUSIP: 12664VAK9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        | 351689825 | PA      | $130529.68    | 0.01%             | 2067-02-25      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| 280 PARK AVENUE 2017-280P MORTGAGE TRUST                                   | 280 PARK AVENUE MORTGAGE TRUST PRK 2017 280P F 144A        | CUSIP: 90205FAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4750000 | PA      | $4565447.30   | 0.27%             | 2034-09-15      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-1440             | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 1440 E 144A      | CUSIP: 46653DAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9500000 | PA      | $3616978.70   | 0.21%             | 2036-03-15      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO MTGE BK SEC TR 2006-AR15                                       | WELLS FARGO MORTGAGE BACKED SE WFMBS 2006 AR15 A1          | CUSIP: 94985AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    169381 | PA      | $162634.33    | 0.01%             | 2036-10-25      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF AMERICA REVERSE REPO                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1232644 | PA      | $-1236821.24  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPOS                                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |  -3441270 | PA      | $-4735372.64  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| UNICORN BAY (HONG KONG) INVESTMENTS LIMITED                                | UNICORN BAY HKD FIXED TERM LOAN A                          | CUSIP: BA00077Z7<br>LEI: N/A                  | Long             | LON              | CORP              | HK        |  99590005 | PA      | $12845289.43  | 0.75%             | 2026-12-31      | Fixed         | 13.00%                | No            |                  3 | On Loan: No      |
| N/A                                                                        | SOLD JPY BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $-39.36       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT BRL SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $80890.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOLERA LLC (POLARIS NEWCO LLC)                                             | POLARIS NEWCO, LLC USD TERM LOAN B                         | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |   1395342 | PA      | $1361714.39   | 0.08%             | 2028-06-02      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR GBP SONIO/0.75000 09/21/22-30Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |         1 | NC      | $8285008.68   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-10246.79    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 08/25 0.00000                                | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5501000 | PA      | $5476996.06   | 0.32%             | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5093                                                    | FREDDIE MAC FHR 5093 PI                                    | CUSIP: 3137FYKD7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4727200 | PA      | $805300.79    | 0.05%             | 2051-01-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD JPY BOUGHT USD 20250804                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $-1957.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WINSTON RE LTD                                                             | WINSTON RE LTD UNSECURED 144A 02/31 VAR                    | CUSIP: 975660AB7<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |   1400000 | PA      | $1472100.00   | 0.09%             | 2031-02-26      | Floating      | 16.05%                | No            |                  2 | On Loan: No      |
| FIRST BRANDS GROUP LLC                                                     | FIRST BRANDS GROUP, LLC 2022 INCREMENTAL TERM LOAN         | CUSIP: 31935HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2442551 | PA      | $2311776.36   | 0.14%             | 2027-03-30      | Floating      | 9.54%                 | No            |                  2 | On Loan: No      |
| ENCORE CREDIT RECEIVABLES TRUST 2005-3                                     | ENCORE CREDIT RECEIVABLES TRUS ECR 2005 3 M7               | CUSIP: 29256PAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6238614 | PA      | $5637958.42   | 0.33%             | 2035-10-25      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 07/25 0.00000                                | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6603000 | PA      | $6596088.83   | 0.39%             | 2025-07-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTELSAT SA                                                                | INTELSAT EMERGENCE SA COMMON STOCK                         | CUSIP: 000000000<br>LEI: 549300YV2L21F4K80V46 | Long             | EC               | CORP              | LU        |    652149 | NS      | $22497043.19  | 1.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| VANTIVE HEALTH LLC                                                         | SPRUCE BIDCO II INC TERM LOAN                              | CUSIP: BA000FPP1<br>LEI: 254900D597QQOG22WQ55 | Long             | LON              | CORP              | US        |   2643413 | PA      | $2594915.21   | 0.15%             | 2032-01-30      | Fixed         | 9.13%                 | No            |                  3 | On Loan: No      |
| OI SA (AKA: BRASIL TELECOM S/A)                                            | OI S.A. SR SECURED 144A 06/27 10                           | CUSIP: 67117EAE8<br>LEI: 254900YEMWCRRAGD4978 | Long             | DBT              | CORP              | BR        |  31125541 | PA      | $20268131.21  | 1.18%             | 2027-06-30      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| THE COMPLEAT FOOD GROUP (HOLDINGS) LIMITED                                 | ADDO AND WINTERBOTHAM GBP TERM LOAN                        | CUSIP: 937ICLII2<br>LEI: 259400QEGOEU126C6775 | Long             | LON              | CORP              | GB        |  17000000 | PA      | $23393382.18  | 1.37%             | 2028-01-31      | Floating      | 10.23%                | No            |                  2 | On Loan: No      |
| ADJUSTABLE RATE MORTAGE TRUST 2005-11                                      | ADJUSTABLE RATE MORTGAGE TRUST ARMT 2005 11 2A3            | CUSIP: 007036VC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6003172 | PA      | $3820483.92   | 0.22%             | 2036-02-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD JPY BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $559.98       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING 2010-R8 TRUST                                      | BANC OF AMERICA FUNDING CORPOR BAFC 2010 R8 1A4 144A       | CUSIP: 05956GAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    265729 | PA      | $154092.48    | 0.01%             | 2036-05-26      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -5841746 | PA      | $-5842511.59  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 4731                                                    | FREDDIE MAC FHR 4731 QS                                    | CUSIP: 3137FBQG4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    184873 | PA      | $27792.92     | 0.00%             | 2047-11-15      | Floating      | 1.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD BRL BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-26695.19    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                               | UKRAINE GOVERNMENT SR UNSECURED 144A 02/30 VAR             | CUSIP: 903724CD2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    271221 | PA      | $131064.84    | 0.01%             | 2030-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5140                                                    | FREDDIE MAC FHR 5140 JI                                    | CUSIP: 3137H24K7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3725511 | PA      | $836237.79    | 0.05%             | 2050-12-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2021-2                          | FREDDIE MAC   SCRT SCRT 2021 2 BXS 144A                    | CUSIP: 35563P4Q9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5452881 | PA      | $4022665.92   | 0.23%             | 2060-11-25      | Variable      | 14.99%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1012376 | PA      | $-1013481.85  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| VANTIVE HEALTH LLC                                                         | SPRUCE BIDCO II INC REVOLVER                               | CUSIP: BA000FL00<br>LEI: 254900D597QQOG22WQ55 | Long             | LON              | CORP              | US        |    595734 | PA      | $584804.25    | 0.03%             | 2032-01-30      | Fixed         | 0.50%                 | No            |                  3 | On Loan: No      |
| OI SA (AKA: BRASIL TELECOM S/A)                                            | OI S.A. SR SECURED 144A 12/28 8.5                          | CUSIP: 67117EAG3<br>LEI: 254900YEMWCRRAGD4978 | Long             | DBT              | CORP              | BR        |  66193763 | PA      | $4468079.00   | 0.26%             | 2028-12-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-19

**Name of Applicant:** PIMCO Dynamic Income Opportunities Fund

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer