# EDGAR Filing Document

**Accession Number:** 0000920547
**File Stem:** 0000920547-25-000027
**Filing Date:** 2025-8
**Character Count:** 215952
**Document Hash:** 32152c3b060b1993c8692a4b18646f65
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000920547-25-000027.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0000920547-25-000027

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TOUCHSTONE VARIABLE SERIES TRUST
- **CENTRAL INDEX KEY:** 0000920547

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08416
- **FILM NUMBER:** 251263002

**BUSINESS ADDRESS:**
- **STREET 1:** 303 BROADWAY
- **STREET 2:** SUITE 1100
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202-4203
- **BUSINESS PHONE:** 513-362-8000

**MAIL ADDRESS:**
- **STREET 1:** 303 BROADWAY
- **STREET 2:** SUITE 1100
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202-4203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SELECT ADVISORS VARIABLE INSURANCE TRUST
- **DATE OF NAME CHANGE:** 19950912

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IFS VARIABLE INSURANCE TRUST
- **DATE OF NAME CHANGE:** 19940318

## Series and Classes Contracts Data

### Touchstone Bond Fund (Series ID: S000059067)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000193690 | Touchstone Bond Fund - Class I |  |
| C000213075 | Class SC                       |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Touchstone Variable Series Trust

- **b. Investment Company Act file number:** 811-08416

- **c. CIK number of Registrant:** 0000920547

- **d. LEI of Registrant:** 549300PPYZ5OV9N1T150

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

  - **Street Address 1:** 303 Broadway

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45202

  - **Telephone number:** 8006388194

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

- **a. Name of Series:** Touchstone Variable Series Trust-Touchstone Bond Fund

- **b. EDGAR series identifier (if any):** S000059067

- **c. LEI of Series:** 54930015RF6Y0VBDNM85

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $48982054.72

**Total Liabilities:** $81013.35

**Net Assets:** $48901041.37

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 501.147614295508 | **1-Year:** 1117.553428002494 | **5-Year:** 4723.918839883522 | **10-Year:** 5778.476847407191 | **30-Year:** 3166.102524371212

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

- **3-Month:** 17.652584094865 | **1-Year:** 238.891330219714 | **5-Year:** 609.602887748531 | **10-Year:** 71.070432638545 | **30-Year:** 3.164639617424

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000193690 | 0.58%                | -0.57%               | 1.73%                |
| Class ID C000213075 | 0.58%                | -0.58%               | 1.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $83793.37                | $-49341.95                                 |
| Month 2  | $-67546.28               | $-329955.76                                |
| Month 3  | $-13797.13               | $674320.22                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T Inc                                                                                               | T 4.5 05/15/35                                      | CUSIP: 00206RCP5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    120000 | PA      | $114381.65    | 0.23%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                               | T 3.8 12/01/57                                      | CUSIP: 00206RMN9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    100000 | PA      | $70091.72     | 0.14%             | 2057-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp.                                                                                     | ARCC 3.25 07/15/25                                  | CUSIP: 04010LAY9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    142000 | PA      | $141909.64    | 0.29%             | 2025-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Avantor Funding Inc                                                                                    | AVTR 3.875 11/01/29 144A                            | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |     11000 | PA      | $10412.63     | 0.02%             | 2029-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                          | CHTR 4.75 03/01/30 144A                             | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     46000 | PA      | $44559.49     | 0.09%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                          | CHTR 4.25 02/01/31 144A                             | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     36000 | PA      | $33625.49     | 0.07%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                          | CHTR 4.5 05/01/32                                   | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13000 | PA      | $12106.67     | 0.02%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                          | CHTR 4.25 01/15/34 144A                             | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12000 | PA      | $10682.70     | 0.02%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                          | CHTR 6.375 09/01/29 144A                            | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $8163.52      | 0.02%             | 2029-09-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                          | CHTR 7.375 03/01/31 144A                            | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     18000 | PA      | $18781.38     | 0.04%             | 2031-03-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| American Express Company                                                                               | AXP V5.282 07/27/29                                 | CUSIP: 025816DH9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    178000 | PA      | $183007.15    | 0.37%             | 2029-07-27      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                                                               | CE 6.629 07/15/32                                   | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10476.07     | 0.02%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BWX Technologies Inc.                                                                                  | BWXT 4.125 06/30/28 144A                            | CUSIP: 05605HAB6<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |     24000 | PA      | $23395.66     | 0.05%             | 2028-06-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                                                               | CE 7.2 11/15/33                                     | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15922.67     | 0.03%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Becton, Dickinson and Company                                                                          | BDX 4.685 12/15/44                                  | CUSIP: 075887BG3<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    133000 | PA      | $115871.58    | 0.24%             | 2044-12-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                                                                 | BWY 7.875 04/15/27 144A                             | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17281.71     | 0.04%             | 2027-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Berkshire Hathaway Finance Corporation                                                                 | BRK 4.25 01/15/49                                   | CUSIP: 084664CR0<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |     89000 | PA      | $74916.36     | 0.15%             | 2049-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                         | MS V2.484 09/16/36                                  | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    148000 | PA      | $125721.83    | 0.26%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Builders Firstsource, Inc.                                                                             | BLDR 6.375 06/15/32 144A                            | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15413.87     | 0.03%             | 2032-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                                         | MS 3.95 04/23/27                                    | CUSIP: 61761JZN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    156000 | PA      | $155009.13    | 0.32%             | 2027-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                                       | BNSF 5.75 05/01/40                                  | CUSIP: 12189LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    142000 | PA      | $148757.06    | 0.30%             | 2040-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Cap I Tst 2018-H3                                                                       | MSC 2018-H3 A5                                      | CUSIP: 61767YAZ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    355000 | PA      | $349958.96    | 0.72%             | 2051-07-17      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FG G03217                                           | CUSIP: 3128M44A8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7116 | PA      | $7286.78      | 0.01%             | 2037-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Calpine Corporation                                                                                    | CPN 5 02/01/31 144A                                 | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |     88000 | PA      | $87052.62     | 0.18%             | 2031-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                                     | NRUC F 04/30/43                                     | CUSIP: 637432MT9<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8955.62      | 0.02%             | 2043-04-30      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                          | USB V4.967 07/22/33 MTN                             | CUSIP: 91159HJG6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    119000 | PA      | $117559.76    | 0.24%             | 2033-07-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Brundage-Bone Concrete Pumping Holdings Inc.                                                           | BBCP 7.5 02/01/32 144A                              | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $16850.25     | 0.03%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                                     | NRUC V5.25 04/20/46                                 | CUSIP: 637432NK7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11907.45     | 0.02%             | 2046-04-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                                | VENLNG 7 01/15/30 144A                              | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10104.02     | 0.02%             | 2030-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications Inc.                                                                          | UVN 8.5 07/31/31 144A                               | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18005.92     | 0.04%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Nationstar Mortgage Holdings Inc                                                                       | COOP 7.125 02/01/32 144A                            | CUSIP: 63861CAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     16000 | PA      | $16618.32     | 0.03%             | 2032-02-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                                | VENLNG V9 PERP 144a                                 | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     17000 | PA      | $16540.40     | 0.03%             | N/A             | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Nationstar Mortgage Holdings Inc                                                                       | COOP 6.5 08/01/29 144A                              | CUSIP: 63861CAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $6128.72      | 0.01%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                            | VZ 2.987 10/30/56                                   | CUSIP: 92343VFW9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    170000 | PA      | $102512.52    | 0.21%             | 2056-10-30      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.                   | CHTR 6.484 10/23/45                                 | CUSIP: 161175BA1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    103000 | PA      | $102070.55    | 0.21%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                                            | CQP 4 03/01/31                                      | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |     52000 | PA      | $49482.10     | 0.10%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                                            | CQP 3.25 01/31/32                                   | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    165000 | PA      | $147915.70    | 0.30%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NCL Corporation Ltd.                                                                                   | NCLH 6.75 02/01/32 144A                             | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |      8000 | PA      | $8189.79      | 0.02%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Navient Corporation                                                                                    | NAVI 5 03/15/27                                     | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9955.44      | 0.02%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Navient Corporation                                                                                    | NAVI 4.875 03/15/28                                 | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3942.14      | 0.01%             | 2028-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Navient Corporation                                                                                    | NAVI 7.875 06/15/32                                 | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4179.75      | 0.01%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                                             | BATSLN 2.259 03/25/28                               | CUSIP: 05526DBR5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    138000 | PA      | $130494.46    | 0.27%             | 2028-03-25      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Bank 2018-Bnk14                                                                                        | BANK 2018-BN14 A3                                   | CUSIP: 06035RAR7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    675000 | PA      | $663516.23    | 1.36%             | 2060-09-17      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                                  | BAC V3.705 04/24/28                                 | CUSIP: 06051GGL7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    126000 | PA      | $124491.03    | 0.25%             | 2028-04-24      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                                  | BAC V2.687 04/22/32                                 | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    101000 | PA      | $90628.23     | 0.19%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2025-S1                                                                         | SEMT 2025-S1 A4                                     | CUSIP: 81749TAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    246389 | PA      | $217627.57    | 0.45%             | 2054-10-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                                                  | BAC V5.511 01/24/36                                 | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     39000 | PA      | $40114.31     | 0.08%             | 2036-01-24      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| The Sherwin-Williams Company                                                                           | SHW 4.5 06/01/47                                    | CUSIP: 824348AX4<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    151000 | PA      | $126506.97    | 0.26%             | 2047-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                                       | BMO V3.803 12/15/32                                 | CUSIP: 06368BGS1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    168000 | PA      | $163618.15    | 0.33%             | 2032-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Shift4 Payments Llc / Shift4 Payments Finance Subordinated Incorporated                                | FOUR 6.75 08/15/32 144A                             | CUSIP: 82453AAB3<br>LEI: 254900GTEMR7L40VPI74 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10389.06     | 0.02%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| AAR Corp.                                                                                              | AIR 6.75 03/15/29 144A                              | CUSIP: 00253PAA6<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16581.18     | 0.03%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                                                      | BK V5.834 10/25/33 MTN                              | CUSIP: 06406RBM8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    154000 | PA      | $163337.40    | 0.33%             | 2033-10-25      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK39                                                                                        | BANK 2022-BNK39 A4                                  | CUSIP: 06539VAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    365000 | PA      | $325141.78    | 0.66%             | 2055-02-18      | Variable      | 2.93%                 | No            |                  2 | On Loan: No      |
| STORE Capital Corp.                                                                                    | STOR 4.625 03/15/29                                 | CUSIP: 862121AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $93396.63     | 0.19%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK26                                                                                        | BANK 2020-BN26 A4                                   | CUSIP: 06540JBG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285000 | PA      | $256476.97    | 0.52%             | 2063-03-16      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                                                                    | BNS V3.625 10/27/81 2                               | CUSIP: 0641598N9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    122000 | PA      | $114147.35    | 0.23%             | 2081-10-27      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                                           | BACR V2.894 11/24/32                                | CUSIP: 06738EBV6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    187000 | PA      | $165468.13    | 0.34%             | 2032-11-24      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| STORE Capital Corp.                                                                                    | STOR 2.75 11/18/30                                  | CUSIP: 862121AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     34000 | PA      | $29954.38     | 0.06%             | 2030-11-18      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Beazer Homes USA Inc.                                                                                  | BZH 7.25 10/15/29                                   | CUSIP: 07556QBT1<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8073.20      | 0.02%             | 2029-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corporation                                                                                 | CMS V4.75 06/01/50                                  | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    220000 | PA      | $213798.23    | 0.44%             | 2050-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mc Brazil Downstream Trading Sarl                                                                      | MCBRAC 7.25 06/30/31 144A                           | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    176056 | PA      | $138978.85    | 0.28%             | 2031-06-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| STORE Capital Corp.                                                                                    | STOR 2.7 12/01/31                                   | CUSIP: 862121AD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $50878.22     | 0.10%             | 2031-12-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| 7-Eleven Inc.                                                                                          | SVELEV 1.8 02/10/31 144A                            | CUSIP: 817826AE0<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    215000 | PA      | $182029.69    | 0.37%             | 2031-02-10      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| Clearwater Paper Corporation                                                                           | CLW 4.75 08/15/28 144A                              | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9453.96      | 0.02%             | 2028-08-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Textron Financial Corporation                                                                          | TXT V0 02/15/42 144A                                | CUSIP: 883199AR2<br>LEI: 4E8B2CNXPE5P5AY03O18 | Long             | DBT              | CORP              | US        |    217000 | PA      | $195214.01    | 0.40%             | 2042-02-15      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group Inc.                                                                              | TIBX 8.25 06/30/32 144A                             | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     21000 | PA      | $22341.19     | 0.05%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                                                                           | TMO 5.404 08/10/43                                  | CUSIP: 883556CY6<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    113000 | PA      | $111858.24    | 0.23%             | 2043-08-10      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc.                                                                   | NOVHOL 6.75 04/15/32 144A                           | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4101.78      | 0.01%             | 2032-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Tidewater Inc New                                                                                      | TDW 9.125 07/15/30 144A                             | CUSIP: 88642RAE9<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15432.63     | 0.03%             | 2030-07-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| CommonSpirit Health                                                                                    | CATMED 4.187 10/01/49                               | CUSIP: 20268JAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    132000 | PA      | $102011.77    | 0.21%             | 2049-10-01      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| The Timken Company                                                                                     | TKR 4.5 12/15/28                                    | CUSIP: 887389AK0<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145273.08    | 0.30%             | 2028-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Concentra Health Services Inc.                                                                         | CONCEN 6.875 07/15/32 144A                          | CUSIP: 20600DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $3106.09      | 0.01%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                                              | TOYOTA 4.65 01/05/29 MTN                            | CUSIP: 89236TLL7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     93000 | PA      | $94088.10     | 0.19%             | 2029-01-05      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP / Emerald Co-Issuer Inc.                                                             | EMECLI 6.75 07/15/31 144A                           | CUSIP: 26873CAB8<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3103.70      | 0.01%             | 2031-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Consensus Cloud Solutions Inc                                                                          | CCSI 6 10/15/26 144A                                | CUSIP: 20848VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21000 | PA      | $20895.00     | 0.04%             | 2026-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                        | TDG 6.375 03/01/29 144A                             | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10248.89     | 0.02%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ERAC USA Finance LLC                                                                                   | ENTERP 4.2 11/01/46 144A                            | CUSIP: 26884TAS1<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    118000 | PA      | $96668.66     | 0.20%             | 2046-11-01      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| Citizens Bank National Association                                                                     | CFG V4.575 08/09/28                                 | CUSIP: 75524KPG3<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155307.92    | 0.32%             | 2028-08-09      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                        | TDG 6.625 03/01/32 144A                             | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16570.13     | 0.03%             | 2032-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| EMRLD Borrower LP / Emerald Co-Issuer Inc.                                                             | EMECLI 6.625 12/15/30 144A                          | CUSIP: 29103CAA6<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10224.55     | 0.02%             | 2030-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Tibco Software Inc                                                                                     | TIBX 6.5 03/31/29 144A                              | CUSIP: 88632QAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     23000 | PA      | $23214.60     | 0.05%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                                                                     | ET V7.125 PERP G                                    | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4074.26      | 0.01%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                                     | ET V8 05/15/54                                      | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11699.09     | 0.02%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| iShares Trust                                                                                          | iShares Trust BROAD USD HIGH                        | CUSIP: 46435U853<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      5948 | NS      | $223109.48    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Poindexter & Co Inc                                                                                 | JBPOIN 8.75 12/15/31 144A                           | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16248.05     | 0.03%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| JACK IN THE BOX FUNDING LLC                                                                            | JACK 2022-1A A2I                                    | CUSIP: 466365AD5<br>LEI: 5493002OJW26P0SUUP68 | Long             | ABS-O            | CORP              | US        |    280500 | PA      | $270453.75    | 0.55%             | 2052-02-25      | Fixed         | 3.44%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                               | JANEST 6.125 11/01/32 144A                          | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17159.37     | 0.04%             | 2032-11-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                               | JANEST 6.75 05/01/33 144A                           | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6169.99      | 0.01%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Jefferson Capital Holdings LLC                                                                         | JEFCAP 8.25 05/15/30 144A                           | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7000 | PA      | $7251.04      | 0.01%             | 2030-05-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| COLT 2022-6 MORTGAGE LOAN TRUST                                                                        | COLT 2022-6 A1                                      | CUSIP: 12662YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    223951 | PA      | $223086.81    | 0.46%             | 2067-06-27      | Variable      | 4.63%                 | Yes           |                  2 | On Loan: No      |
| Canadian Pacific Railway Company                                                                       | CP 3 12/02/41                                       | CUSIP: 13645RBG8<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    179000 | PA      | $130305.20    | 0.27%             | 2041-12-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Capital LLC                                                                     | CSMC 2015-WIN1 B3                                   | CUSIP: 12649KAW7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95374 | PA      | $91858.15     | 0.19%             | 2044-12-25      | Variable      | 3.76%                 | Yes           |                  2 | On Loan: No      |
| Cargill Inc.                                                                                           | CARGIL 4.76 11/23/45 144A                           | CUSIP: 141781BF0<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |    116000 | PA      | $103540.43    | 0.21%             | 2045-11-23      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| Cars.com Inc                                                                                           | CARS 6.375 11/01/28 144A                            | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7019.57      | 0.01%             | 2028-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CSMC Trust                                                                                             | CSMC 2015-1 B3                                      | CUSIP: 12649NAU5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    156738 | PA      | $151042.07    | 0.31%             | 2045-01-25      | Variable      | 3.89%                 | Yes           |                  2 | On Loan: No      |
| Civitas Resources Inc                                                                                  | CIVI 8.375 07/01/28 144A                            | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14334.21     | 0.03%             | 2028-07-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Coca-Cola Co (The)                                                                                     | KO 2.5 03/15/51                                     | CUSIP: 191216DC1<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    225000 | PA      | $135186.41    | 0.28%             | 2051-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Chobani LLC / Chobani Finance Corporation Inc                                                          | CHBANI 4.625 11/15/28 144A                          | CUSIP: 17027NAB8<br>LEI: 549300ISVDMZ91KNTR38 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7852.17      | 0.02%             | 2028-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Comcast Corporation                                                                                    | CMCSA 4 03/01/48                                    | CUSIP: 20030NCK5<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    122000 | PA      | $94370.42     | 0.19%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coty Inc / Hfc Prestige Prods Inc / Hfc Pretige Intl U S LLC                                           | COTY 6.625 07/15/30 144A                            | CUSIP: 22207AAA0<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4091.58      | 0.01%             | 2030-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                                      | CCI 4.8 09/01/28                                    | CUSIP: 22822VBB6<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    181000 | PA      | $182063.89    | 0.37%             | 2028-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| DH Europe Finance II SARL                                                                              | DHR 3.25 11/15/39                                   | CUSIP: 23291KAJ4<br>LEI: 222100KDGL314CKTZ511 | Long             | DBT              | CORP              | LU        |    147000 | PA      | $118303.65    | 0.24%             | 2039-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Deutsche Alt A Securities Mortgage Loan Trust Series 2006 Af1                                          | DBALT 2003-2XS A6                                   | CUSIP: 251510AW3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        36 | PA      | $36.09        | 0.00%             | 2033-09-25      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| Ohio Power Company                                                                                     | AEP 2.9 10/01/51 R                                  | CUSIP: 677415CU3<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |    170000 | PA      | $103994.81    | 0.21%             | 2051-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Diamond Foreign Asset Co. / Diamond Finance LLC                                                        | DO 8.5 10/01/30 144A                                | CUSIP: 25260WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     16000 | PA      | $16661.87     | 0.03%             | 2030-10-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Enbridge Inc.                                                                                          | ENBCN V8.25 01/15/84 NC5                            | CUSIP: 29250NBS3<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     31000 | PA      | $32768.18     | 0.07%             | 2084-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                          | OMF 4 09/15/30                                      | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4611.94      | 0.01%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VT Topco Inc.                                                                                          | VERCOR 8.5 08/15/30 144A                            | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12652.69     | 0.03%             | 2030-08-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| EverBank Mortgage Loan Trust                                                                           | EVER 2018-1 B2                                      | CUSIP: 29978CCC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    354716 | PA      | $324023.83    | 0.66%             | 2048-02-25      | Variable      | 3.56%                 | Yes           |                  2 | On Loan: No      |
| Videotron LTD/ Videotron LTEE                                                                          | QBRCN 3.625 06/15/29 144A                           | CUSIP: 92660FAN4<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    176000 | PA      | $168257.78    | 0.34%             | 2029-06-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AR9195                                           | CUSIP: 3138W7GD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    187199 | PA      | $169189.59    | 0.35%             | 2043-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                          | OMF 3.875 09/15/28                                  | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6706.45      | 0.01%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Voyager Parent LLC                                                                                     | EVRI 9.25 07/01/32 144A                             | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15597.41     | 0.03%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AT2016                                           | CUSIP: 3138WPG24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    157453 | PA      | $142141.18    | 0.29%             | 2043-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                                                                            | WMT 4.5 09/09/52                                    | CUSIP: 931142EZ2<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |     99000 | PA      | $86684.97     | 0.18%             | 2052-09-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN 725423                                           | CUSIP: 31402C4G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    108816 | PA      | $111474.12    | 0.23%             | 2034-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                          | OMF 6.625 05/15/29                                  | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6163.13      | 0.01%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Securities Corp.                                                            | WMALT 2005-9 2A4                                    | CUSIP: 93934FEQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19346 | PA      | $17900.50     | 0.04%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN 725610                                           | CUSIP: 31402DDP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     97920 | PA      | $100043.43    | 0.20%             | 2034-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Waste Pro USA Inc                                                                                      | WASPRO 7 02/01/33 144A                              | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9340.72      | 0.02%             | 2033-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN BC1158                                           | CUSIP: 3140EVJC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    125739 | PA      | $116544.05    | 0.24%             | 2046-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                          | OMF 7.125 09/15/32                                  | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4139.50      | 0.01%             | 2032-09-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-5C4                                                         | WFCM 2025-5C4 B                                     | CUSIP: 949931AG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $229316.49    | 0.47%             | 2058-05-17      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                                                            | CRGYFN 9.25 02/15/28 144A                           | CUSIP: 45344LAC7<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10408.75     | 0.02%             | 2028-02-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                                                                  | WFCM 2015-P2 AS                                     | CUSIP: 95000AAW7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80000 | PA      | $79478.59     | 0.16%             | 2048-12-17      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| Skymiles IP Ltd. & Delta Air Lines Inc.                                                                | DAL 4.75 10/20/28 144A                              | CUSIP: 830867AB3<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | KY        |    128000 | PA      | $128281.16    | 0.26%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                          | OMF 7.125 03/15/26                                  | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      2000 | PA      | $2029.60      | 0.00%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corporation                                                                           | FREMOR 12 10/01/28 144A                             | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4293.76      | 0.01%             | 2028-10-01      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                                                          | FREMOR 9.25 02/01/29 144A                           | CUSIP: 35641AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     18000 | PA      | $18696.24     | 0.04%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| GCAT 2022-NQM2 TRUST                                                                                   | GCAT 2022-NQM2 A1                                   | CUSIP: 36169KAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200528 | PA      | $197665.19    | 0.40%             | 2067-02-25      | Variable      | 4.21%                 | Yes           |                  2 | On Loan: No      |
| The Gap Inc.                                                                                           | GAP 3.625 10/01/29 144A                             | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8359.30      | 0.02%             | 2029-10-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| The Gap Inc.                                                                                           | GAP 3.875 10/01/31 144A                             | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     21000 | PA      | $18819.51     | 0.04%             | 2031-10-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                                                   | GM 3.1 01/12/32                                     | CUSIP: 37045XDS2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    338000 | PA      | $297013.13    | 0.61%             | 2032-01-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| GoEasy Limited                                                                                         | GSYCN 7.625 07/01/29 144A                           | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |      5000 | PA      | $5154.27      | 0.01%             | 2029-07-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| GoEasy Limited                                                                                         | GSYCN 6.875 05/15/30 144*                           | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |      7000 | PA      | $7037.56      | 0.01%             | 2030-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                                    | NEE V0 10/01/66                                     | CUSIP: 302570AW6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13945.59     | 0.03%             | 2066-10-01      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| HF Sinclair Corp.                                                                                      | DINO 5 02/01/28                                     | CUSIP: 403949AQ3<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    128000 | PA      | $128033.42    | 0.26%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                                            | ABBV 4.45 05/14/46                                  | CUSIP: 00287YAW9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    142000 | PA      | $122407.14    | 0.25%             | 2046-05-14      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Prairie Acquiror LP                                                                                    | TGE 9 08/01/29 144A                                 | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12478.27     | 0.03%             | 2029-08-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Adapthealth Llc                                                                                        | ADAHEA 4.625 08/01/29 144A                          | CUSIP: 00653VAC5<br>LEI: 549300SN58QQ28RVWE26 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7537.45      | 0.02%             | 2029-08-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                                      | HRI 6.625 06/15/29 144A                             | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6155.39      | 0.01%             | 2029-06-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Adapthealth Llc                                                                                        | ADAHEA 5.125 03/01/30 144A                          | CUSIP: 00653VAE1<br>LEI: 549300SN58QQ28RVWE26 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6651.11      | 0.01%             | 2030-03-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| SS&C Technologies, Inc.                                                                                | SSNC 5.5 09/30/27 144A                              | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7996.01      | 0.02%             | 2027-09-30      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2024-5C27                                                                         | BBCMS 2024-5C27 AS                                  | CUSIP: 05555FAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $115417.46    | 0.24%             | 2057-07-17      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                              | AER 3 10/29/28                                      | CUSIP: 00774MAW5<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    136000 | PA      | $129539.94    | 0.26%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                                      | HRI 7 06/15/30 144A                                 | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8351.56      | 0.02%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Corporation of Michigan                                                              | CACC 9.25 12/15/28                                  | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $15878.48     | 0.03%             | 2028-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Corporation of Michigan                                                              | CACC 6.625 03/15/30                                 | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10145.40     | 0.02%             | 2030-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Agate Bay Mortgage Trust 2013-1                                                                        | ABMT 2013-1 B3                                      | CUSIP: 008414AF1<br>LEI: 549300FEDPP088KAOR45 | Long             | ABS-O            | CORP              | US        |     27731 | PA      | $26869.19     | 0.05%             | 2043-07-25      | Variable      | 3.56%                 | Yes           |                  2 | On Loan: No      |
| Speedway Motorsports LLC / Speedway Funding II Inc                                                     | TRK 4.875 11/01/27 144A                             | CUSIP: 84779MAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $31760.03     | 0.06%             | 2027-11-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Directv Financing LLC/Directv Financing Co-Obligor Inc.                                                | DTV 5.875 08/15/27 144A                             | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $5976.06      | 0.01%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Directv Financing LLC/Directv Financing Co-Obligor Inc.                                                | DTV 10 02/15/31 144A                                | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14000 | PA      | $13574.94     | 0.03%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Agate Bay Mortgage Trust 2015-7                                                                        | ABMT 2015-4 B2                                      | CUSIP: 00842ACC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    115273 | PA      | $112564.31    | 0.23%             | 2045-06-25      | Variable      | 3.49%                 | Yes           |                  2 | On Loan: No      |
| HUB International Ltd.                                                                                 | HBGCN 7.25 06/15/30 144A                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15669.30     | 0.03%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                                    | D V6.875 02/01/55 A                                 | CUSIP: 25746UDT3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15786.59     | 0.03%             | 2055-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management Funds                                                               | Dreyfus Government Cash Management Funds SH BEN INT | CUSIP: 262006208<br>LEI: 549300F7IDB6WRO7VJ11 | Long             | STIV             | RF                | US        |   1082180 | NS      | $1082180.01   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Agate Bay Mortgage Trust 2015-7                                                                        | ABMT 2015-7 B1                                      | CUSIP: 00842CAS4<br>LEI: 549300LK2ZDVY7I44B84 | Long             | ABS-O            | CORP              | US        |    203436 | PA      | $194159.43    | 0.40%             | 2045-10-25      | Variable      | 3.64%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                                               | DUK 4.15 12/01/44                                   | CUSIP: 26442RAD3<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |     94000 | PA      | $76708.49     | 0.16%             | 2044-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                                                               | EDF 4.875 09/21/38 144A                             | CUSIP: 268317AV6<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    106000 | PA      | $97644.37     | 0.20%             | 2038-09-21      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Air Canada                                                                                             | ACACN 3.875 08/15/26 144A                           | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $9898.75      | 0.02%             | 2026-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Gen Digital Inc                                                                                        | GEN 6.75 09/30/27 144A                              | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14246.13     | 0.03%             | 2027-09-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Edison International                                                                                   | EIX 4.125 03/15/28                                  | CUSIP: 281020AM9<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    104000 | PA      | $100381.61    | 0.21%             | 2028-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                                   | EIX V7.875 06/15/54                                 | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     34000 | PA      | $32244.10     | 0.07%             | 2054-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Aker BP ASA                                                                                            | AKERBP 5.125 10/01/34 144A                          | CUSIP: 00973RAN3<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    135000 | PA      | $129638.70    | 0.27%             | 2034-10-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| ELARA HGV TIMESHARE ISSUER LLC                                                                         | EHGVT 2019-A B                                      | CUSIP: 28416TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    103820 | PA      | $102094.93    | 0.21%             | 2034-01-25      | Fixed         | 2.91%                 | Yes           |                  2 | On Loan: No      |
| Elevance Health Inc.                                                                                   | ELV 4.75 02/15/33                                   | CUSIP: 28622HAB7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    136000 | PA      | $135179.83    | 0.28%             | 2033-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Alcon Finance Corp                                                                                     | ALCSW 3.8 09/23/49 144A                             | CUSIP: 01400EAC7<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    118000 | PA      | $87211.83     | 0.18%             | 2049-09-23      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| Magic MergeCo Inc                                                                                      | MIK 5.25 05/01/28 144A                              | CUSIP: 55916AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11000 | PA      | $8853.14      | 0.02%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST                                                                          | MCMLT 2018-3 M3                                     | CUSIP: 59980XAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    289383 | PA      | $258141.62    | 0.53%             | 2058-08-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corporation                                                                | AQNCN V4.75 01/18/82                                | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |     27000 | PA      | $26313.35     | 0.05%             | 2082-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                                                                                | MOH 3.875 05/15/32 144A                             | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     17000 | PA      | $15474.23     | 0.03%             | 2032-05-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                                                                                | MOH 6.25 01/15/33 144A                              | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4065.41      | 0.01%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc                                       | ALIANT 7 01/15/31 144A                              | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13446.03     | 0.03%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC / Allied Universal Finance Corporation                                     | UNSEAM 7.875 02/15/31 144A                          | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12542.04     | 0.03%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Allison Transmission Inc.                                                                              | ALSN 4.75 10/01/27 144A                             | CUSIP: 019736AE7<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |     16000 | PA      | $15864.40     | 0.03%             | 2027-10-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| The Allstate Corporation                                                                               | ALL V0 08/15/53 B                                   | CUSIP: 020002BB6<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |     41000 | PA      | $41017.14     | 0.08%             | 2053-08-15      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LLP / Medline Co-Issuer Inc.                                                          | MEDIND 6.25 04/01/29 144A                           | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5135.96      | 0.01%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Meritage Homes Corp                                                                                    | MTH 3.875 04/15/29 144A                             | CUSIP: 59001ABD3<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    169000 | PA      | $162836.38    | 0.33%             | 2029-04-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Microsoft Corp.                                                                                        | MSFT 2.525 06/01/50                                 | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    210000 | PA      | $129966.06    | 0.27%             | 2050-06-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                                                                 | MU 2.703 04/15/32                                   | CUSIP: 595112BS1<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    102000 | PA      | $88735.50     | 0.18%             | 2032-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Ubs Commercial Mortgage Trust 2017 C1                                                                  | UBSCM 2017-C1 AS                                    | CUSIP: 90276EAH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70000 | PA      | $67886.11     | 0.14%             | 2050-06-17      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                                                                 | MU 6.75 11/01/29                                    | CUSIP: 595112BV4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |     42000 | PA      | $45385.85     | 0.09%             | 2029-11-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Valaris Ltd.                                                                                           | VAL 8.375 04/30/30 144A                             | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     11000 | PA      | $11286.05     | 0.02%             | 2030-04-30      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Velocity Vehicle Group LLC                                                                             | VLCYVG 8 06/01/29 144A                              | CUSIP: 92262TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11000 | PA      | $10987.12     | 0.02%             | 2029-06-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                                                                      | VENTGL 6.25 01/15/30 144A                           | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9275.51      | 0.02%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Virginia Electric and Power Company                                                                    | D 5.65 03/15/55                                     | CUSIP: 927804GU2<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    138000 | PA      | $135874.54    | 0.28%             | 2055-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Midwest Connector Capital Company LLC                                                                  | MWXCAP 4.625 04/01/29 144A                          | CUSIP: 59833CAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    198000 | PA      | $196275.25    | 0.40%             | 2029-04-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Moog Inc.                                                                                              | MOGA 4.25 12/15/27 144A                             | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |     17000 | PA      | $16583.89     | 0.03%             | 2027-12-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FG G03781                                           | CUSIP: 3128M5RA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3009 | PA      | $3159.75      | 0.01%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FG A95946                                           | CUSIP: 312944TB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     33652 | PA      | $32542.22     | 0.07%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FG A96485                                           | CUSIP: 312945F29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20551 | PA      | $20475.00     | 0.04%             | 2041-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FR QD2143                                           | CUSIP: 3133AYLY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    472420 | PA      | $375640.64    | 0.77%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FNR 2015-51 KC                                      | CUSIP: 3136APJX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      5895 | PA      | $5673.09      | 0.01%             | 2045-06-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FNR 2017-90 KA                                      | CUSIP: 3136AYQK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    162614 | PA      | $153191.46    | 0.31%             | 2047-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FNR 2019-35 KB                                      | CUSIP: 3136B5GY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    450000 | PA      | $359907.39    | 0.74%             | 2049-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FNR 2022-16 KB                                      | CUSIP: 3136BMNW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    675000 | PA      | $517394.18    | 1.06%             | 2049-11-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FHR 4991 HB                                         | CUSIP: 3137FUUM4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    230000 | PA      | $165941.99    | 0.34%             | 2050-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FHR 5178 CV                                         | CUSIP: 3137H53J4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    725000 | PA      | $534544.24    | 1.09%             | 2040-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN 561741                                           | CUSIP: 31386FBJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1826 | PA      | $1874.89      | 0.00%             | 2031-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AH2666                                           | CUSIP: 3138A36C6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       138 | PA      | $136.89       | 0.00%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AH3493                                           | CUSIP: 3138A43B9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       300 | PA      | $299.01       | 0.00%             | 2026-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AL0054                                           | CUSIP: 3138EGBY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     65360 | PA      | $65056.95     | 0.13%             | 2041-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Firstcash Inc                                                                                          | FCFS 5.625 01/01/30 144A                            | CUSIP: 31944TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9000 | PA      | $8972.27      | 0.02%             | 2030-01-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| First Maryland Capital I                                                                               | MTB F 01/15/27                                      | CUSIP: 320808AD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    108000 | PA      | $106394.43    | 0.22%             | 2027-01-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Firstcash Inc                                                                                          | FCFS 4.625 09/01/28 144A                            | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6873.87      | 0.01%             | 2028-09-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Firstcash Inc                                                                                          | FCFS 6.875 03/01/32 144A                            | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3104.56      | 0.01%             | 2032-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Apple Inc.                                                                                             | AAPL 4.65 02/23/46                                  | CUSIP: 037833BX7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    170000 | PA      | $155656.78    | 0.32%             | 2046-02-23      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                                                             | JPMMT 2018-8 B3                                     | CUSIP: 46650MBH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    271004 | PA      | $248454.96    | 0.51%             | 2049-01-25      | Variable      | 4.05%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd                                                                      | MCAIRH 6.4 03/26/29 144A                            | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    129000 | PA      | $134646.07    | 0.28%             | 2029-03-26      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding XLIX Ltd.                                                                         | MDPK 2021-49A B1R                                   | CUSIP: 55820VAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    384000 | PA      | $382995.07    | 0.78%             | 2034-10-19      | Variable      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp                                     | MGY 6.875 12/01/32 144A                             | CUSIP: 559665AB0<br>LEI: 984500CG376B0B99F016 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17121.77     | 0.04%             | 2032-12-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| The Manitowoc Company, Inc.                                                                            | MTW 9.25 10/01/31 144A                              | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16839.01     | 0.03%             | 2031-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Mars Inc.                                                                                              | MARS 3.6 04/01/34 144A                              | CUSIP: 571676AC9<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     35000 | PA      | $31700.20     | 0.06%             | 2034-04-01      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Mars Inc.                                                                                              | MARS 5.2 03/01/35 144A                              | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    154000 | PA      | $155747.48    | 0.32%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                                                       | MMC 5.35 11/15/44                                   | CUSIP: 571748CE0<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     94000 | PA      | $92420.08     | 0.19%             | 2044-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                                                                 | MRVL 2.95 04/15/31                                  | CUSIP: 573874AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    182000 | PA      | $165693.88    | 0.34%             | 2031-04-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                                                                                | MA 2 11/18/31                                       | CUSIP: 57636QAU8<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    188000 | PA      | $163820.42    | 0.34%             | 2031-11-18      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Mattel, Inc.                                                                                           | MAT 5.45 11/01/41                                   | CUSIP: 577081AW2<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |     94000 | PA      | $83597.84     | 0.17%             | 2041-11-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CTR Partnership LP/ Caretrust Cap Corp                                                                 | CTREV 3.875 06/30/28 144A                           | CUSIP: 126458AE8<br>LEI: 254900L7G64R08G6RJ22 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9557.86      | 0.02%             | 2028-06-30      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                                                        | CVS 5.125 07/20/45                                  | CUSIP: 126650CN8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    121000 | PA      | $107286.20    | 0.22%             | 2045-07-20      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Dell International L.L.C. and EMC Corporation                                                          | DELL 4.85 02/01/35                                  | CUSIP: 24703DBQ3<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    112000 | PA      | $108108.57    | 0.22%             | 2035-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Pediatrix Medical Group Inc                                                                            | MD 5.375 02/15/30 144A                              | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     23000 | PA      | $22708.72     | 0.05%             | 2030-02-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Open Text Corp                                                                                         | OTEXCN 3.875 02/15/28 144A                          | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |     11000 | PA      | $10658.40     | 0.02%             | 2028-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Open Text Corp                                                                                         | OTEXCN 3.875 12/01/29 144A                          | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |     11000 | PA      | $10361.46     | 0.02%             | 2029-12-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Owens Brockway Glass Container Inc.                                                                    | OI 7.25 05/15/31 144A                               | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15371.31     | 0.03%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Owens Brockway Glass Container Inc.                                                                    | OI 7.375 06/01/32 144A                              | CUSIP: 69073TAV5<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7130.40      | 0.01%             | 2032-06-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| PacifiCorp.                                                                                            | BRKHEC 5.75 04/01/37                                | CUSIP: 695114CD8<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     64000 | PA      | $65090.01     | 0.13%             | 2037-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                                            | BRKHEC V7.375 09/15/55                              | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17627.31     | 0.04%             | 2055-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                                        | PFSI 4.25 02/15/29 144A                             | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8650.40      | 0.02%             | 2029-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                                        | PFSI 5.75 09/15/31 144A                             | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4902.90      | 0.01%             | 2031-09-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                                        | PFSI 7.875 12/15/29 144A                            | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6371.42      | 0.01%             | 2029-12-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                                        | PFSI 7.125 11/15/30 144A                            | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6217.13      | 0.01%             | 2030-11-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                                               | DE 5.1 04/11/34 MTN                                 | CUSIP: 24422EXP9<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    111000 | PA      | $113483.98    | 0.23%             | 2034-04-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                                                | HYNMTR 5.35 03/19/29 144A                           | CUSIP: 44891ACY1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    119000 | PA      | $121147.43    | 0.25%             | 2029-03-19      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| J P Morgan Chase Coml Mtg Secs Tr 2018-Minn                                                            | JPMCC 2018-MINN A                                   | CUSIP: 46650GAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $328103.62    | 0.67%             | 2035-11-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Jimmy John's Funding Llc                                                                               | JIMMY 2017-1A A2II                                  | CUSIP: 47760QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    145625 | PA      | $144241.52    | 0.29%             | 2047-07-30      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| Jimmy John's Funding Llc                                                                               | JIMMY 2022-1A A2I                                   | CUSIP: 47760QAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    291000 | PA      | $284837.09    | 0.58%             | 2052-04-30      | Fixed         | 4.08%                 | Yes           |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                                                  | LOW 4.5 04/15/30                                    | CUSIP: 548661DU8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    155000 | PA      | $156160.37    | 0.32%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corporation                                                 | MPW 8.5 02/15/32 144a                               | CUSIP: 55342UAQ7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11503.56     | 0.02%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Magnera Corp.                                                                                          | MAGN 7.25 11/15/31 144A                             | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |     16000 | PA      | $15060.00     | 0.03%             | 2031-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                                                                 | BWY 7.875 08/15/26 144A                             | CUSIP: 57763RAB3<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3993.11      | 0.01%             | 2026-08-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Murphy Oil Corporation                                                                                 | MUR 5.125 12/01/42                                  | CUSIP: 626717AG7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8106.58      | 0.02%             | 2042-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Murphy Oil Corporation                                                                                 | MUR 6 10/01/32                                      | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11441.13     | 0.02%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                           | ORCL 4.3 07/08/34                                   | CUSIP: 68389XAV7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     48000 | PA      | $45594.46     | 0.09%             | 2034-07-08      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                           | ORCL 2.65 07/15/26                                  | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     87000 | PA      | $85434.14     | 0.17%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                           | ORCL 3.6 04/01/40                                   | CUSIP: 68389XBW4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     61000 | PA      | $48815.41     | 0.10%             | 2040-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Option Care Health Inc                                                                                 | OPCH 4.375 10/31/29 144A                            | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12508.56     | 0.03%             | 2029-10-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer Inc                   | PK 4.875 05/15/29 144A                              | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11628.60     | 0.02%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer Inc                   | PK 7 02/01/30 144A                                  | CUSIP: 70052LAD5<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6168.35      | 0.01%             | 2030-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Parkland Corporation                                                                                   | PKICN 4.5 10/01/29 144A                             | CUSIP: 70137WAG3<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |     21000 | PA      | $20189.45     | 0.04%             | 2029-10-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Parkland Corporation                                                                                   | PKICN 6.625 08/15/32 144A                           | CUSIP: 70137WAN8<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |      6000 | PA      | $6133.02      | 0.01%             | 2032-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| RHP Hotel Properties LP / RHP Finance Corporation                                                      | RHP 4.75 10/15/27                                   | CUSIP: 749571AF2<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9944.28      | 0.02%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                                                           | ROCKIE 7.5 07/15/38 144A                            | CUSIP: 77340RAD9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6086.47      | 0.01%             | 2038-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Rogers Communications Inc.                                                                             | RCICN 5.3 02/15/34                                  | CUSIP: 775109DF5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    161000 | PA      | $161225.06    | 0.33%             | 2034-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Roller Bearing Company of America Inc.                                                                 | RBC 4.375 10/15/29 144A                             | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17418.18     | 0.04%             | 2029-10-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                                   | RY V4.969 08/02/30 GMTN                             | CUSIP: 78016HZZ6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    152000 | PA      | $154111.74    | 0.32%             | 2030-08-02      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC/Directv Financing Co-Obligor Inc.                                                | DTV 8.875 02/01/30 144A                             | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11000 | PA      | $10842.37     | 0.02%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Element Fleet Management Corp                                                                          | EFNCN 5.037 03/25/30 144A                           | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    184000 | PA      | $185558.31    | 0.38%             | 2030-03-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FM4996                                           | CUSIP: 3140X8RS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    268193 | PA      | $215713.19    | 0.44%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FM5468                                           | CUSIP: 3140X9CE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    142045 | PA      | $133352.74    | 0.27%             | 2036-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FM5682                                           | CUSIP: 3140X9J48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    238482 | PA      | $199924.71    | 0.41%             | 2051-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN 889734                                           | CUSIP: 31410KPT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2672 | PA      | $2754.10      | 0.01%             | 2037-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AB1149                                           | CUSIP: 31416WH39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18774 | PA      | $19008.04     | 0.04%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AB1800                                           | CUSIP: 31416XAA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17165 | PA      | $16585.30     | 0.03%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN MA1175                                           | CUSIP: 31418AJV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     70974 | PA      | $64234.15     | 0.13%             | 2042-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN MA2177                                           | CUSIP: 31418BM37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39207 | PA      | $38828.53     | 0.08%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN MA4166                                           | CUSIP: 31418DTY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    250256 | PA      | $233139.00    | 0.48%             | 2040-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AD3795                                           | CUSIP: 31418RGD7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29765 | PA      | $29676.39     | 0.06%             | 2040-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AD9150                                           | CUSIP: 31418XEY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35770 | PA      | $36216.79     | 0.07%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AD9193                                           | CUSIP: 31418XGB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     75560 | PA      | $76502.42     | 0.16%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AE0548                                           | CUSIP: 31419ATE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     49853 | PA      | $49653.00     | 0.10%             | 2040-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AE4429                                           | CUSIP: 31419E4P1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39226 | PA      | $37909.08     | 0.08%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fortress Transportation & Infrastructure Investors LLC                                                 | FTAI 5.5 05/01/28 144A                              | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3978.44      | 0.01%             | 2028-05-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Fortress Transportation & Infrastructure Investors LLC                                                 | FTAI 7.875 12/01/30 144A                            | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |      2000 | PA      | $2121.34      | 0.00%             | 2030-12-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Fortress Transportation & Infrastructure Investors LLC                                                 | FTAI 7 06/15/32 144A                                | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |      2000 | PA      | $2065.98      | 0.00%             | 2032-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp.                                                         | PENSKE 5.35 01/12/27 144A                           | CUSIP: 709599BY9<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |     81000 | PA      | $81916.01     | 0.17%             | 2027-01-12      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| SBL Holdings Inc.                                                                                      | SECBEN V9.508 PERP 144A                             | CUSIP: 78397DAA6<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |     17000 | PA      | $16978.99     | 0.03%             | N/A             | Floating      | 9.51%                 | Yes           |                  2 | On Loan: No      |
| Simmons Foods Inc / Simmons Prepared Foods Inc / Simmons Pet Food Inc / Simmons Feed (Ingredients Inc) | SIMFOO 4.625 03/01/29 144A                          | CUSIP: 82873MAA1<br>LEI: 5493002Z1TVWRIL6NM97 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23606.62     | 0.05%             | 2029-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Station Casinos LLC                                                                                    | RRR 4.625 12/01/31 144A                             | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |     11000 | PA      | $10303.49     | 0.02%             | 2031-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Stonepeak Nile Parent LLC                                                                              | ATSG 7.25 03/15/32 144A                             | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11661.63     | 0.02%             | 2032-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Amsted Industries Incorporated                                                                         | AMSIND 4.625 05/15/30 144A                          | CUSIP: 032177AJ6<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12514.38     | 0.03%             | 2030-05-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Amsted Industries Incorporated                                                                         | AMSIND 6.375 03/15/33 144A                          | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8133.57      | 0.02%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide Inc                                      | ABIBB 4.9 02/01/46 *                                | CUSIP: 03522AAJ9<br>LEI: 5493002J2SVENP0PVK27 | Long             | DBT              | CORP              | US        |     93000 | PA      | $85297.57     | 0.17%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital Inc.                                                                                   | AHTLN 4 05/01/28 144A                               | CUSIP: 045054AJ2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    152000 | PA      | $149678.88    | 0.31%             | 2028-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC/Avis Budget Finance Inc.                                                    | CAR 8 02/15/31 144A                                 | CUSIP: 053773BH9<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8246.48      | 0.02%             | 2031-02-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC/Avis Budget Finance Inc.                                                    | CAR 8.25 01/15/30 144A                              | CUSIP: 053773BJ5<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6262.50      | 0.01%             | 2030-01-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC/Avis Budget Finance Inc.                                                    | CAR 8.375 06/15/32 144A                             | CUSIP: 053773BK2<br>LEI: 529900E95812SYWMCE44 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4185.83      | 0.01%             | 2032-06-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Commercial Mortgage Trust                                                                | CSMC 2013-IVR3 B2                                   | CUSIP: 12646XAX0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     77088 | PA      | $75560.66     | 0.15%             | 2043-05-25      | Variable      | 3.40%                 | Yes           |                  2 | On Loan: No      |
| Champ Acquisition Corp                                                                                 | VISANT 8.375 12/01/31 144A                          | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $18062.87     | 0.04%             | 2031-12-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Chile (Republic Of)                                                                                    | CHILE 3.1 01/22/61                                  | CUSIP: 168863DQ8<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    150000 | PA      | $90480.00     | 0.19%             | 2061-01-22      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Phillips 66                                                                                            | DCP 6.75 09/15/37                                   | CUSIP: 23311RAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    229000 | PA      | $241158.45    | 0.49%             | 2037-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Davita Inc                                                                                             | DVA 6.875 09/01/32 144A                             | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8289.72      | 0.02%             | 2032-09-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Davita Inc                                                                                             | DVA 6.75 07/15/33 144A                              | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6207.27      | 0.01%             | 2033-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2022-2                                                            | DRMT 2022-2 A1                                      | CUSIP: 24380XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    264323 | PA      | $255701.77    | 0.52%             | 2067-03-25      | Variable      | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Northwestern Mutual Life Insurance Co.                                                                 | NWMLIC 3.85 09/30/47 144A                           | CUSIP: 668138AA8<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |    198000 | PA      | $150924.23    | 0.31%             | 2047-09-30      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| NOVA Chemicals Corp.                                                                                   | NCX 8.5 11/15/28 144A                               | CUSIP: 66977WAT6<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |     12000 | PA      | $12674.15     | 0.03%             | 2028-11-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                             | OXY 7.95 06/15/39                                   | CUSIP: 674599DH5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    125000 | PA      | $140295.75    | 0.29%             | 2039-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| PNC Capital Trust C                                                                                    | PNC F 06/01/28                                      | CUSIP: 69349AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    136000 | PA      | $133997.19    | 0.27%             | 2028-06-01      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| PPL Capital Funding Inc.                                                                               | PPL V0 03/30/67 A                                   | CUSIP: 69352PAC7<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |     16000 | PA      | $15917.07     | 0.03%             | 2067-03-30      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| PRA Group Inc.                                                                                         | PRAA 8.375 02/01/28 144A                            | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3078.75      | 0.01%             | 2028-02-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| PRA Group Inc.                                                                                         | PRAA 8.875 01/31/30 144A                            | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19592.71     | 0.04%             | 2030-01-31      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings Inc.                                                                                     | POST 4.625 04/15/30 144A                            | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8651.74      | 0.02%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings Inc.                                                                                     | POST 6.25 10/15/34 144A                             | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17094.61     | 0.03%             | 2034-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Precision Drilling Corporation                                                                         | PDCN 6.875 01/15/29 144A                            | CUSIP: 740212AM7<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |     19000 | PA      | $18765.50     | 0.04%             | 2029-01-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Sempra                                                                                                 | SRE V4.125 04/01/52                                 | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |     28000 | PA      | $26923.37     | 0.06%             | 2052-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Sempra Infrastructure Partners LP                                                                      | SMPINF 3.25 01/15/32 144A                           | CUSIP: 81685VAA1<br>LEI: 549300L0B3MD11PUAA07 | Long             | DBT              | CORP              | US        |    206000 | PA      | $175540.06    | 0.36%             | 2032-01-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Sensata Technologies Inc                                                                               | ST 3.75 02/15/31 144A                               | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |     12000 | PA      | $10937.24     | 0.02%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2004 11                                                                         | SEMT 2013-5 B1                                      | CUSIP: 81745AAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     48506 | PA      | $47214.69     | 0.10%             | 2043-05-25      | Variable      | 3.49%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2004 11                                                                         | SEMT 2013-10 B2                                     | CUSIP: 81745GAP9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30022 | PA      | $29259.62     | 0.06%             | 2043-08-25      | Variable      | 3.54%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2004 11                                                                         | .SEMT2 2018-CH3 B1B                                 | CUSIP: 81746WCE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    395416 | PA      | $382488.88    | 0.78%             | 2048-08-25      | Variable      | 4.72%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2004 11                                                                         | SEMT 2018-CH3 B2B                                   | CUSIP: 81746WCG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    358346 | PA      | $346630.54    | 0.71%             | 2048-08-25      | Variable      | 4.72%                 | Yes           |                  2 | On Loan: No      |
| Sabra Health Care Ltd Partnership / Sabra Capital Corp                                                 | SBRA 5.125 08/15/26                                 | CUSIP: 14162VAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $145098.06    | 0.30%             | 2026-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp                                                                            | GSMS 2017-FARM B                                    | CUSIP: 36254XAE4<br>LEI: CU46ESEFJB81SUVBJO28 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $221740.23    | 0.45%             | 2043-01-12      | Variable      | 3.54%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                                                                           | GSMS 2020-GC47 A5                                   | CUSIP: 36258RBA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    390000 | PA      | $351493.19    | 0.72%             | 2053-05-14      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. The                                                                         | GT 5.625 04/30/33                                   | CUSIP: 382550BK6<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8603.68      | 0.02%             | 2033-04-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc.                                                                                        | GTN 10.5 07/15/29 144A                              | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4294.78      | 0.01%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Group 1 Automotive, Inc.                                                                               | GPI 4 08/15/28 144A                                 | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18337.40     | 0.04%             | 2028-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Group 1 Automotive, Inc.                                                                               | GPI 6.375 01/15/30 144A                             | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4107.04      | 0.01%             | 2030-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| HCA Inc.                                                                                               | HCA 5.5 03/01/32                                    | CUSIP: 404119DA4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    170000 | PA      | $175427.54    | 0.36%             | 2032-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Indymac Indx Mortgage Loan Trust 2004-Ar14                                                             | RAST 2006-A1 1A3                                    | CUSIP: 45660L6K0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75848 | PA      | $32252.17     | 0.07%             | 2036-04-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMCC Commercial Mortgage Securities Trust 2015-Jp1                                                    | JPMCC 2017-JP7 A5                                   | CUSIP: 465968AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $340413.19    | 0.70%             | 2050-09-16      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust 2014-C25                                                    | JPMBB 2014-C25 AS                                   | CUSIP: 46643PBJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $101159.10    | 0.21%             | 2047-11-18      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                                   | JPM V3.509 01/23/29                                 | CUSIP: 46647PAM8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    168000 | PA      | $164554.30    | 0.34%             | 2029-01-23      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                                   | JPM V2.956 05/13/31                                 | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    129000 | PA      | $119252.63    | 0.24%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                                   | JPM V4.946 10/22/35                                 | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     41000 | PA      | $40618.82     | 0.08%             | 2035-10-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Keysight Technologies, Inc.                                                                            | KEYS 4.95 10/15/34                                  | CUSIP: 49338LAG8<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |     98000 | PA      | $96897.22     | 0.20%             | 2034-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Kinetik Holdings LP                                                                                    | KNTK 5.875 06/15/30 144A                            | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15132.02     | 0.03%             | 2030-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| The Kroger Co.                                                                                         | KR 5 04/15/42                                       | CUSIP: 501044CR0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    107000 | PA      | $97465.08     | 0.20%             | 2042-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LGI Homes Inc                                                                                          | LGIH 7 11/15/32 144A                                | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11432.40     | 0.02%             | 2032-11-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                                | LVLT 6.875 06/30/33 144A                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |      8980 | PA      | $9135.53      | 0.02%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| LifePoint Health, Inc                                                                                  | RGCARE 11 10/15/30 144A                             | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4411.40      | 0.01%             | 2030-10-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| LifePoint Health, Inc                                                                                  | RGCARE 8.375 02/15/32 144A                          | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9592.62      | 0.02%             | 2032-02-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| NGPL Pipe Co LLC                                                                                       | NGPLCO 7.768 12/15/37 144A                          | CUSIP: 62912XAC8<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |    148000 | PA      | $168917.86    | 0.35%             | 2037-12-15      | Fixed         | 7.77%                 | Yes           |                  2 | On Loan: No      |
| New York Life Global Funding                                                                           | NYLIFE 4.55 01/28/33 144A                           | CUSIP: 64952WEZ2<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    138000 | PA      | $135065.61    | 0.28%             | 2033-01-28      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                                     | NWL 6.375 09/15/27                                  | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11146.04     | 0.02%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                                     | NWL 6.625 05/15/32                                  | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5700.12      | 0.01%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                                     | NWL 8.5 06/01/28 144A                               | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5250.86      | 0.01%             | 2028-06-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Escrow Inc                                                                                     | NXST 5.625 07/15/27 144A                            | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |     16000 | PA      | $15962.57     | 0.03%             | 2027-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Noble Finance II LLC.                                                                                  | NEFINA 8 04/15/30 144A                              | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $2035.30      | 0.00%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Norfolk Southern Corporation                                                                           | NSC 4.837 10/01/41                                  | CUSIP: 655844BH0<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    122000 | PA      | $111797.00    | 0.23%             | 2041-10-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Novelis Corporation                                                                                    | HNDLIN 4.75 01/30/30 144A                           | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23956.76     | 0.05%             | 2030-01-30      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Novelis Corporation                                                                                    | HNDLIN 6.875 01/30/30 144A                          | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17603.85     | 0.04%             | 2030-01-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group Inc                                                                             | PFGC 6.125 09/15/32 144A                            | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10226.94     | 0.02%             | 2032-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Pernod Ricard International Finance Llc                                                                | RIFP 1.625 04/01/31 144A                            | CUSIP: 71427QAB4<br>LEI: 5493009254WI1A8WXT48 | Long             | DBT              | CORP              | US        |    229000 | PA      | $193056.62    | 0.39%             | 2031-04-01      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                       | PM 5.375 02/15/33                                   | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    188000 | PA      | $194251.33    | 0.40%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| RLJ Lodging Trust LP                                                                                   | RLJ 3.75 07/01/26 144A                              | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18808.90     | 0.04%             | 2026-07-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| RTX Corp.                                                                                              | RTX 6.4 03/15/54                                    | CUSIP: 75513ECX7<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     84000 | PA      | $92189.24     | 0.19%             | 2054-03-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) plc                                                                            | RIOLN 5.25 03/14/35                                 | CUSIP: 76720AAU0<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |     88000 | PA      | $89548.13     | 0.18%             | 2035-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rocket Companies Inc                                                                                   | RKT 6.125 08/01/30 144A                             | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $5092.60      | 0.01%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Rocket Companies Inc                                                                                   | RKT 6.375 08/01/33 144A                             | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $6133.72      | 0.01%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| S&S Holdings LLC                                                                                       | SSACTI 8.375 10/01/31 144A                          | CUSIP: 78525CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $7755.52      | 0.02%             | 2031-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| ACCO Brands Corporation                                                                                | ACCO 4.25 03/15/29 144A                             | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |     13000 | PA      | $11457.52     | 0.02%             | 2029-03-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| AMC Networks Inc                                                                                       | AMCX 10.25 01/15/29 144A                            | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9348.75      | 0.02%             | 2029-01-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| AMN Healthcare Allied Inc                                                                              | AMN 4.625 10/01/27 144A                             | CUSIP: 00175PAB9<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |     17000 | PA      | $16533.19     | 0.03%             | 2027-10-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Altagas Ltd                                                                                            | ALACN V7.2 10/15/54 144A                            | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |     16000 | PA      | $16003.54     | 0.03%             | 2054-10-15      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| Amentum Escrow Corp.                                                                                   | AMNTEC 7.25 08/01/32 144A                           | CUSIP: 02352BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $3087.55      | 0.01%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| American Tower Corporation                                                                             | AMT 5.9 11/15/33                                    | CUSIP: 03027XCF5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    212000 | PA      | $223791.57    | 0.46%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                                             | AMGN 5.15 03/02/28                                  | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    152000 | PA      | $155288.05    | 0.32%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BNSF Funding Trust I                                                                                   | BNSF V6.613 12/15/55                                | CUSIP: 05567SAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $17056.27     | 0.03%             | 2055-12-15      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| BMO 2025-5C10 MORTGAGE TRUST                                                                           | BMO 2025-5C10 B                                     | CUSIP: 05615BAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $209084.74    | 0.43%             | 2058-05-17      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Beazer Homes USA Inc.                                                                                  | BZH 7.5 03/15/31 144A                               | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6083.09      | 0.01%             | 2031-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Amcor Flexibles North America Inc                                                                      | AMCR 2.63 06/19/30                                  | CUSIP: 081437AT2<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |    136000 | PA      | $123371.69    | 0.25%             | 2030-06-19      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Blue Racer Midstream, LLC / Blue Racer Finance Corp                                                    | BLURAC 7 07/15/29 144A                              | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $8335.50      | 0.02%             | 2029-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Blue Racer Midstream, LLC / Blue Racer Finance Corp                                                    | BLURAC 7.25 07/15/32 144A                           | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $5297.88      | 0.01%             | 2032-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BlueLinx Holdings Inc.                                                                                 | BXC 6 11/15/29 144A                                 | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17314.34     | 0.04%             | 2029-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Bombardier Inc.                                                                                        | BBDBCN 8.75 11/15/30 144A                           | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |      6000 | PA      | $6494.74      | 0.01%             | 2030-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Bombardier Inc.                                                                                        | BBDBCN 7.25 07/01/31 144A                           | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |      9000 | PA      | $9453.01      | 0.02%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Bombardier Inc.                                                                                        | BBDBCN 6.75 06/15/33 144A                           | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |      5000 | PA      | $5181.11      | 0.01%             | 2033-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Bristow Group Inc                                                                                      | VTOL 6.875 03/01/28 144A                            | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15074.15     | 0.03%             | 2028-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Broadcom Inc                                                                                           | AVGO 4.15 11/15/30                                  | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    217000 | PA      | $213524.70    | 0.44%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                           | AVGO 3.419 04/15/33 144A                            | CUSIP: 11135FBK6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     12000 | PA      | $10881.43     | 0.02%             | 2033-04-15      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| Cable One Inc                                                                                          | CABO 4 11/15/30 144A                                | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |     12000 | PA      | $9450.48      | 0.02%             | 2030-11-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CACI International Inc.                                                                                | CACI 6.375 06/15/33 144A                            | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4123.24      | 0.01%             | 2033-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                                   | CCL 5.75 03/01/27 144A                              | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |      8000 | PA      | $8063.53      | 0.02%             | 2027-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                                   | CCL 4 08/01/28 144A                                 | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     36000 | PA      | $35280.00     | 0.07%             | 2028-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                                   | CCL 6.125 02/15/33 144A                             | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |      4000 | PA      | $4092.67      | 0.01%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                                   | CCL 5.875 06/15/31 144A                             | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     12000 | PA      | $12225.00     | 0.02%             | 2031-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Carriage Services, Inc.                                                                                | CSV 4.25 05/15/29 144A                              | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9448.82      | 0.02%             | 2029-05-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Cascades Inc.                                                                                          | CASCN 5.375 01/15/28 144A                           | CUSIP: 14739LAB8<br>LEI: FPD41G4F3GH7OJ38TS94 | Long             | DBT              | CORP              | CA        |      8000 | PA      | $7932.80      | 0.02%             | 2028-01-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                                                                    | CSCO 4.85 02/26/29                                  | CUSIP: 17275RBR2<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    203000 | PA      | $207984.37    | 0.43%             | 2029-02-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust 2016 P6                                                            | CGCMT 2017-P8 AS                                    | CUSIP: 17326DAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65000 | PA      | $62324.87     | 0.13%             | 2050-09-16      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                         | C V6.174 05/25/34                                   | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     91000 | PA      | $95252.94     | 0.19%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                         | C V4.542 09/19/30                                   | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    189000 | PA      | $188143.29    | 0.38%             | 2030-09-19      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust 2020-Gc46                                                          | CGCMT 2020-GC46 A5                                  | CUSIP: 17328RAZ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $229377.95    | 0.47%             | 2053-02-18      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                                    | ALLY 8 11/01/31                                     | CUSIP: 370425RZ5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4521.07      | 0.01%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| QXO Building Products Inc.                                                                             | BECN 6.75 04/30/32 144A                             | CUSIP: 74825NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     22000 | PA      | $22652.34     | 0.05%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                                  | QUIKHO 6.375 03/01/32 144A                          | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12357.92     | 0.03%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                                  | QUIKHO 6.75 03/01/33 144A                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12382.21     | 0.03%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                                                                          | SM 6.75 08/01/29 144A                               | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5977.41      | 0.01%             | 2029-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                                                                          | SM 7 08/01/32 144A                                  | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9853.46      | 0.02%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                                                                          | SMYREA 8.875 11/15/31 144A                          | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10485.57     | 0.02%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Sonic Automotive, Inc.                                                                                 | SAH 4.625 11/15/29 144A                             | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |     16000 | PA      | $15514.21     | 0.03%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Standard Building Solutions Inc.                                                                       | BMCAUS 6.5 08/15/32 144A                            | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3074.05      | 0.01%             | 2032-08-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Standard Building Solutions Inc.                                                                       | BMCAUS 5 02/15/27 144A                              | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3990.07      | 0.01%             | 2027-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Standard Building Solutions Inc.                                                                       | BMCAUS 3.375 01/15/31 144A                          | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7172.97      | 0.01%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Stanley Black & Decker, Inc.                                                                           | SWK V6.707 03/15/60                                 | CUSIP: 854502AM3<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24386.13     | 0.05%             | 2060-03-15      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                                                                        | SBUX 3.35 03/12/50                                  | CUSIP: 855244AX7<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |     83000 | PA      | $56000.32     | 0.11%             | 2050-03-12      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                                     | STT F 06/15/47                                      | CUSIP: 857477AY9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    171000 | PA      | $150111.26    | 0.31%             | 2047-06-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                                                 | TFC F 05/15/27 A                                    | CUSIP: 86787XAA3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    260000 | PA      | $256752.05    | 0.53%             | 2027-05-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                                     | TMUS 3.875 04/15/30                                 | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    168000 | PA      | $163157.54    | 0.33%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                                     | TMUS 5.75 01/15/54                                  | CUSIP: 87264ADB8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     74000 | PA      | $72612.19     | 0.15%             | 2054-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TAL ADVANTAGE VII LLC                                                                                  | TAL 2020-1A A                                       | CUSIP: 87407RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165412 | PA      | $155693.57    | 0.32%             | 2045-09-20      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp.                                       | TEP 7.375 02/15/29 144A                             | CUSIP: 87470LAL5<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16444.51     | 0.03%             | 2029-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                                                        | TMHC 5.125 08/01/30 144A                            | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9963.10      | 0.02%             | 2030-08-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Teachers Insurance and Annuity Association of America                                                  | TIAAGL 3.3 05/15/50 144A                            | CUSIP: 878091BG1<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |    194000 | PA      | $130175.86    | 0.27%             | 2050-05-15      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| Texas Instruments Incorporated                                                                         | TXN 5.1 05/23/35                                    | CUSIP: 882508CM4<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    126000 | PA      | $128366.05    | 0.26%             | 2035-05-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Toll Brothers Finance Corp.                                                                            | TOL 3.8 11/01/29                                    | CUSIP: 88947EAU4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $174670.32    | 0.36%             | 2029-11-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Turning Point Brands Inc                                                                               | TPB 7.625 03/15/32 144A                             | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |     39000 | PA      | $40832.69     | 0.08%             | 2032-03-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Tyson Foods, Inc.                                                                                      | TSN 5.4 03/15/29                                    | CUSIP: 902494BL6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |     96000 | PA      | $98953.40     | 0.20%             | 2029-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                                                 | UAL 4.625 04/15/29 144A                             | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    184000 | PA      | $178602.88    | 0.37%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                                            | UPS 5.95 05/14/55                                   | CUSIP: 911312CK0<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164430.12    | 0.34%             | 2055-05-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | T 4.25 08/15/54                                     | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1080000 | PA      | $987778.13    | 2.02%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | T 4.125 08/15/44                                    | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1775000 | PA      | $1628215.82   | 3.33%             | 2044-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | T 4.625 11/15/44                                    | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    567000 | PA      | $555748.59    | 1.14%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | T 4.625 02/15/55                                    | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $682500.00    | 1.40%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | T 4.75 02/15/45                                     | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    585000 | PA      | $582532.03    | 1.19%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                           | T 4.25 11/15/34                                     | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1790000 | PA      | $1796153.13   | 3.67%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                           | T 4.625 02/15/35                                    | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    732000 | PA      | $755446.88    | 1.54%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                           | T 3.75 04/15/28                                     | CUSIP: 91282CMW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4495000 | PA      | $4500267.60   | 9.20%             | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                           | T 4 05/31/30                                        | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2495000 | PA      | $2518780.47   | 5.15%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                                | UNH 3.5 08/15/39                                    | CUSIP: 91324PDT6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    156000 | PA      | $125848.37    | 0.26%             | 2039-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.                                                                          | UVN 8 08/15/28 144A                                 | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8117.98      | 0.02%             | 2028-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                                                                               | WCC 6.375 03/15/29 144A                             | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6173.51      | 0.01%             | 2029-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                                                                               | WCC 6.625 03/15/32 144A                             | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6209.81      | 0.01%             | 2032-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                                                                               | WCC 6.375 03/15/33 144A                             | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3101.80      | 0.01%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                                         | WES 5.25 02/01/50                                   | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    151000 | PA      | $127144.13    | 0.26%             | 2050-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Westvaco Corp.                                                                                         | SW 8.2 01/15/30                                     | CUSIP: 961548AV6<br>LEI: 4DL8C98Z5G5IXZLH3578 | Long             | DBT              | CORP              | US        |    102000 | PA      | $116732.25    | 0.24%             | 2030-01-15      | Fixed         | 8.20%                 | No            |                  2 | On Loan: No      |
| Xerox Holdings Corporation                                                                             | XRX 5 08/15/25 144A                                 | CUSIP: 98421MAA4<br>LEI: 5493000Y33XDVO2CXC18 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9947.55      | 0.02%             | 2025-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                                 | US 2YR NOTE (CBT) Sep25                             | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |        86 | NC      | $44797.04     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                                                 | US 10yr Ultra Fut Sep25                             | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       -36 | NC      | $-64101.66    | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                                                 | US ULTRA BOND CBT SEP25                             | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |         4 | NC      | $3994.04      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Company, Inc.                                                                        | ACHC 5 04/15/29 144A                                | CUSIP: 00404AAP4<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5819.75      | 0.01%             | 2029-04-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Acadia Healthcare Company, Inc.                                                                        | ACHC 7.375 03/15/33 144A                            | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10310.14     | 0.02%             | 2033-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| GFL Environmental Inc.                                                                                 | GFLCN 3.5 09/01/28 144A                             | CUSIP: 36168QAM6<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |      9000 | PA      | $8680.52      | 0.02%             | 2028-09-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                               | G2 MA1157                                           | CUSIP: 36179NJA7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     64248 | PA      | $59993.33     | 0.12%             | 2043-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                               | G2 AD1745                                           | CUSIP: 36180C5E5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    103035 | PA      | $90875.72     | 0.19%             | 2043-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                               | G2 4883                                             | CUSIP: 36202FM86<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     43321 | PA      | $42980.18     | 0.09%             | 2040-12-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                               | G2 4853                                             | CUSIP: 36202FMA1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     55861 | PA      | $53414.49     | 0.11%             | 2040-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                               | G2 5175                                             | CUSIP: 36202FXC5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    170701 | PA      | $169357.06    | 0.35%             | 2041-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                               | GN 736696                                           | CUSIP: 3620AQNM1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     12565 | PA      | $12263.69     | 0.03%             | 2040-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Genesis Energy LP & Genesis Energy Finance Corp.                                                       | GEL 8.875 04/15/30                                  | CUSIP: 37185LAN2<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12744.22     | 0.03%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Genesis Energy LP & Genesis Energy Finance Corp.                                                       | GEL 8.25 01/15/29                                   | CUSIP: 37185LAP7<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7320.01      | 0.01%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Genesis Energy LP & Genesis Energy Finance Corp.                                                       | GEL 7.875 05/15/32                                  | CUSIP: 37185LAQ5<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7278.14      | 0.01%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                                                                  | SO 5.95 02/01/39                                    | CUSIP: 373334JN2<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |     67000 | PA      | $68414.44     | 0.14%             | 2039-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| GoEasy Limited                                                                                         | GSYCN 9.25 12/01/28 144A                            | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     14000 | PA      | $14814.34     | 0.03%             | 2028-12-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                              | GS V3.691 06/05/28                                  | CUSIP: 38141GWL4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     92000 | PA      | $90670.25     | 0.19%             | 2028-06-05      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                              | GS V2.615 04/22/32                                  | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    177000 | PA      | $157187.35    | 0.32%             | 2032-04-22      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| HONO MORTGAGE TRUST 2021-LULU                                                                          | HONO 2021-LULU B                                    | CUSIP: 40390MAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210000 | PA      | $207467.95    | 0.42%             | 2036-12-15      | Floating      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                                      | HRI 5.5 07/15/27 144A                               | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16001.43     | 0.03%             | 2027-07-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I L.P/Hilcorp Finance Co                                                                | HILCRP 6.25 11/01/28 144A                           | CUSIP: 431318AS3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14035.59     | 0.03%             | 2028-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I L.P/Hilcorp Finance Co                                                                | HILCRP 5.75 02/01/29 144A                           | CUSIP: 431318AU8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8884.02      | 0.02%             | 2029-02-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I L.P/Hilcorp Finance Co                                                                | HILCRP 6 04/15/30 144A                              | CUSIP: 431318AY0<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4861.17      | 0.01%             | 2030-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I L.P/Hilcorp Finance Co                                                                | HILCRP 6.875 05/15/34 144A                          | CUSIP: 431318BE3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6704.00      | 0.01%             | 2034-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Home Depot Inc.                                                                                        | HD 5.95 04/01/41                                    | CUSIP: 437076AV4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    114000 | PA      | $120214.88    | 0.25%             | 2041-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Howard Hughes Holdings Inc.                                                                            | HHH 4.125 02/01/29 144A                             | CUSIP: 44267DAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9522.84      | 0.02%             | 2029-02-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Imola Merger Corp.                                                                                     | IM 4.75 05/15/29 144A                               | CUSIP: 45258LAA5<br>LEI: 549300KJMEWPKRQZHX63 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24129.79     | 0.05%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Ingles Markets, Incorporated                                                                           | IMKTA 4 06/15/31 144A                               | CUSIP: 457030AK0<br>LEI: 549300XH5RYBMYP8TF26 | Long             | DBT              | CORP              | US        |     14000 | PA      | $12966.71     | 0.03%             | 2031-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership Lp                                                              | INVH 4.15 04/15/32                                  | CUSIP: 46188BAD4<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    182000 | PA      | $172348.72    | 0.35%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Ziff Davis Inc                                                                                         | ZD 4.625 10/15/30 144A                              | CUSIP: 48123VAF9<br>LEI: 5493008OJYGLHD7MXA18 | Long             | DBT              | CORP              | US        |     24000 | PA      | $22408.06     | 0.05%             | 2030-10-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Poland (Republic of)                                                                                   | POLAND 5.5 03/18/54 30Y                             | CUSIP: 731011AZ5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    103000 | PA      | $95465.87     | 0.20%             | 2054-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sinclair Television Group, Inc.                                                                        | SBGI 8.125 02/15/33 144A                            | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3036.30      | 0.01%             | 2033-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Sirius Xm Radio Inc                                                                                    | SIRI 4 07/15/28 144A                                | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18248.23     | 0.04%             | 2028-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| South Jersey Industries Inc                                                                            | SJI 5.02 04/15/31                                   | CUSIP: 838518AA6<br>LEI: 549300DJYWYT5VXLFA46 | Long             | DBT              | CORP              | US        |     31000 | PA      | $25673.20     | 0.05%             | 2031-04-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                                           | THC 6.125 10/01/28                                  | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19023.62     | 0.04%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Terex Corporation                                                                                      | TEX 6.25 10/15/32 144A                              | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16032.24     | 0.03%             | 2032-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Xhr LP                                                                                                 | XHR 4.875 06/01/29 144A                             | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2907.02      | 0.01%             | 2029-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Xhr LP                                                                                                 | XHR 6.625 05/15/30 144A                             | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8150.79      | 0.02%             | 2030-05-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| XPO Inc                                                                                                | XPO 7.125 02/01/32                                  | CUSIP: 983793AK6<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |     22000 | PA      | $23040.49     | 0.05%             | 2032-02-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Zebra Technologies Corporation                                                                         | ZBRA 6.5 06/01/32 144A                              | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3084.85      | 0.01%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** Touchstone Variable Series Trust

**Signature:** Terri Lucas

**Name of Signer:** Terri Lucas

**Title:** Controller & Treasurer